Jacobs Engineering Group’s (JEC) “Buy” Rating Reaffirmed at Alembic Global Advisors

Jacobs Engineering Group (NYSE:JEC)‘s stock had its “buy” rating reissued by investment analysts at Alembic Global Advisors in a research note issued to investors on Monday.

A number of other research analysts have also recently commented on the company. Bank of America increased their target price on Jacobs Engineering Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday. Jefferies Group set a $70.00 target price on Jacobs Engineering Group and gave the company a “hold” rating in a research note on Wednesday, February 7th. Robert W. Baird set a $75.00 target price on Jacobs Engineering Group and gave the company a “hold” rating in a research note on Wednesday, February 7th. Citigroup increased their target price on Jacobs Engineering Group from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Finally, Goldman Sachs Group raised Jacobs Engineering Group from a “sell” rating to a “neutral” rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $74.00.

Jacobs Engineering Group (JEC) traded up $0.86 on Monday, reaching $63.09. The company had a trading volume of 2,033,748 shares, compared to its average volume of 1,272,384. The company has a market capitalization of $9,030.00, a PE ratio of 32.52, a PEG ratio of 1.16 and a beta of 1.48. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. Jacobs Engineering Group has a 1-year low of $49.31 and a 1-year high of $72.18.

Jacobs Engineering Group (NYSE:JEC) last released its earnings results on Wednesday, February 7th. The construction company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Jacobs Engineering Group had a return on equity of 8.59% and a net margin of 2.30%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. equities research analysts predict that Jacobs Engineering Group will post 4.01 EPS for the current year.

In other news, Director Joseph R. Bronson sold 6,125 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total transaction of $385,936.25. Following 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 Securities & Exchange Commission, which can be accessed through this link. 0.74% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Advisor Group Inc. boosted its holdings in shares of 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 period. Whittier Trust Co. boosted its holdings in shares of Jacobs Engineering Group by 141.2% during the third quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock worth $119,000 after purchasing an additional 1,200 shares during the period. Cerebellum GP LLC purchased a new stake in shares of Jacobs Engineering Group during the fourth quarter worth about $127,000. Tower Research Capital LLC TRC purchased a new stake in shares of Jacobs Engineering Group during the fourth quarter worth about $131,000. Finally, Jarislowsky Fraser Ltd purchased a new stake in shares of Jacobs Engineering Group during the third quarter worth about $186,000. Institutional investors own 71.51% of the company’s stock.

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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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