Jacobs Engineering Group Inc (NYSE:JEC) has been given a consensus recommendation of “Hold” by the twelve analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $69.10.
JEC has been the subject of a number of recent research reports. ValuEngine raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Argus reaffirmed a “buy” rating and issued a $73.00 target price on shares of Jacobs Engineering Group in a research note on Monday, November 27th. They noted that the move was a valuation call. Zacks Investment Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Monday, January 8th. DA Davidson reiterated a “hold” rating and set a $68.00 price target on shares of Jacobs Engineering Group in a report on Wednesday, November 22nd. They noted that the move was a valuation call. Finally, Citigroup set a $64.00 price target on Jacobs Engineering Group and gave the stock a “hold” rating in a report on Friday, October 27th.
In other news, Director Joseph R. Bronson sold 6,125 shares of the 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 in the company, valued at approximately $1,921,552.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.74% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its holdings in Jacobs Engineering Group by 4.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 26,455 shares of the construction company’s stock valued at $1,745,000 after acquiring an additional 1,200 shares during the period. Leavell Investment Management Inc. boosted its holdings in Jacobs Engineering Group by 18.3% during the 4th quarter. Leavell Investment Management Inc. now owns 6,475 shares of the construction company’s stock valued at $427,000 after acquiring an additional 1,000 shares during the period. First American Trust FSB purchased a new position in Jacobs Engineering Group during the 4th quarter valued at about $1,613,000. Deane Retirement Strategies Inc. purchased a new position in Jacobs Engineering Group during the 4th quarter valued at about $1,832,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in Jacobs Engineering Group by 10.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 289,812 shares of the construction company’s stock valued at $16,887,000 after acquiring an additional 26,303 shares during the period. Institutional investors own 84.57% of the company’s stock.
Shares of Jacobs Engineering Group (JEC) traded up $0.06 on Tuesday, hitting $69.56. The company’s stock had a trading volume of 1,177,071 shares, compared to its average volume of 857,712. Jacobs Engineering Group has a twelve month low of $49.31 and a twelve month high of $69.86. The firm has a market cap of $9,828.06, a P/E ratio of 28.63, a PEG 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 issued its earnings results on Tuesday, November 21st. The construction company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period last year, the company earned $0.77 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. equities analysts expect that Jacobs Engineering Group will post 3.73 EPS for the current year.
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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.
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