Jacobs Engineering Group (JEC) Upgraded by UBS Group to Buy

Jacobs Engineering Group (NYSE:JEC) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, www.benzinga.com reports. The brokerage currently has a $82.00 price target on the construction company’s stock. UBS Group’s price target points to a potential upside of 15.41% from the company’s current price.

Several other research firms have also recently commented on JEC. Barclays raised their price target on Jacobs Engineering Group from $75.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Credit Suisse Group reissued an “outperform” rating and issued a $82.00 price target on shares of Jacobs Engineering Group in a report on Thursday, January 18th. Zacks Investment Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a report on Monday, January 8th. ValuEngine raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, KeyCorp raised their price target on Jacobs Engineering Group from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $71.73.

Shares of Jacobs Engineering Group (NYSE:JEC) traded up $1.10 during mid-day trading on Monday, hitting $71.05. The company’s stock had a trading volume of 1,446,513 shares, compared to its average volume of 989,556. Jacobs Engineering Group has a one year low of $49.31 and a one year high of $72.18. The stock has a market cap of $10,110.00, a P/E ratio of 29.36, a P/E/G ratio of 1.40 and a beta of 1.56. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.05.

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

In related news, Director Joseph R. Bronson sold 6,125 shares of Jacobs Engineering Group stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total transaction of $385,936.25. Following the completion of the transaction, the director now directly owns 30,496 shares of the company’s stock, valued at $1,921,552.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.74% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Scotia Capital Inc. raised its holdings in Jacobs Engineering Group by 0.5% during the second quarter. Scotia Capital Inc. now owns 24,145 shares of the construction company’s stock worth $1,313,000 after purchasing an additional 121 shares during the last quarter. Security National Bank of SO Dak raised its holdings in Jacobs Engineering Group by 0.5% during the second quarter. Security National Bank of SO Dak now owns 28,544 shares of the construction company’s stock worth $1,552,000 after purchasing an additional 146 shares during the last quarter. Security National Bank of Sioux City Iowa IA raised its holdings in Jacobs Engineering Group by 0.7% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 33,540 shares of the construction company’s stock worth $1,825,000 after purchasing an additional 233 shares during the last quarter. Advisor Group Inc. raised its holdings in Jacobs Engineering Group by 18.8% during the second quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock worth $117,000 after purchasing an additional 339 shares during the last quarter. Finally, Brandywine Global Investment Management LLC raised its holdings in Jacobs Engineering Group by 0.7% during the second quarter. Brandywine Global Investment Management LLC now owns 109,469 shares of the construction company’s stock worth $5,955,000 after purchasing an additional 811 shares during the last quarter. 72.22% of the stock is owned by hedge funds and other institutional investors.

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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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