Jacobs Engineering Group’s (JEC) Outperform Rating Reaffirmed at Credit Suisse Group

Jacobs Engineering Group (NYSE:JEC)‘s stock had its “outperform” rating reissued by research analysts at Credit Suisse Group in a note issued to investors on Thursday, Marketbeat reports. They presently have a $82.00 price objective on the construction company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 17.23% from the stock’s previous close.

A number of other research analysts have also recently commented on JEC. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Monday, January 8th. MKM Partners set a $61.00 target price on shares of Jacobs Engineering Group and gave the company a “neutral” rating in a research report on Tuesday, November 28th. ValuEngine raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Robert W. Baird reaffirmed a “hold” rating and issued a $63.00 target price on shares of Jacobs Engineering Group in a research report on Friday, October 6th. Finally, KeyCorp increased their price target on shares of Jacobs Engineering Group from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $70.40.

Jacobs Engineering Group (NYSE:JEC) traded up $0.56 during midday trading on Thursday, reaching $69.95. 914,268 shares of the company’s stock were exchanged, compared to its average volume of 958,399. Jacobs Engineering Group has a 52 week low of $49.31 and a 52 week high of $70.35. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $9,950.00, a PE ratio of 28.90, a P/E/G ratio of 1.40 and a beta of 1.56.

Jacobs Engineering Group (NYSE:JEC) last posted its earnings results on Tuesday, November 21st. The construction company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.16. Jacobs Engineering Group had a net margin of 2.93% and a return on equity of 9.18%. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. Jacobs Engineering Group’s revenue for the quarter was up .5% compared to the same quarter last year. equities research analysts anticipate that Jacobs Engineering Group will post 3.73 EPS for the current fiscal year.

In other news, Director Joseph R. Bronson sold 6,125 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total transaction of $385,936.25. Following the sale, the director now owns 30,496 shares of the company’s stock, valued at $1,921,552.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Jacobs Engineering Group by 1.3% during the second quarter. Vanguard Group Inc. now owns 11,936,467 shares of the construction company’s stock worth $649,225,000 after purchasing an additional 150,333 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. raised its holdings in Jacobs Engineering Group by 9.4% in the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 5,692,656 shares of the construction company’s stock valued at $331,711,000 after acquiring an additional 487,089 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Jacobs Engineering Group by 68.7% in the third quarter. Wells Fargo & Company MN now owns 4,012,084 shares of the construction company’s stock valued at $233,784,000 after acquiring an additional 1,634,127 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Jacobs Engineering Group by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 3,191,405 shares of the construction company’s stock valued at $185,962,000 after acquiring an additional 19,954 shares in the last quarter. Finally, FIL Ltd raised its holdings in Jacobs Engineering Group by 7.8% in the second quarter. FIL Ltd now owns 2,239,124 shares of the construction company’s stock valued at $121,786,000 after acquiring an additional 162,167 shares in the last quarter. 72.15% of the stock is currently owned by institutional investors and hedge funds.

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Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

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