Jacobs Engineering Group (JEC) Upgraded at ValuEngine
ValuEngine upgraded shares of Jacobs Engineering Group (NYSE:JEC) from a hold rating to a buy rating in a report issued on Sunday morning.
Other equities research analysts have also recently issued research reports about the stock. Barclays assumed coverage on shares of Jacobs Engineering Group in a report on Tuesday, December 12th. They issued an overweight rating and a $75.00 price target on the stock. MKM Partners set a $61.00 price target on shares of Jacobs Engineering Group and gave the stock a neutral rating in a report on Tuesday, November 28th. Argus reaffirmed a buy rating and issued a $73.00 price target on shares of Jacobs Engineering Group in a report on Monday, November 27th. They noted that the move was a valuation call. Robert W. Baird reaffirmed a hold rating and issued a $69.00 price target on shares of Jacobs Engineering Group in a report on Friday, November 24th. Finally, KeyCorp lifted their price target on shares of Jacobs Engineering Group from $65.00 to $75.00 and gave the stock an overweight rating in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $68.20.
Jacobs Engineering Group (JEC) traded up $0.91 during mid-day trading on Friday, reaching $66.87. The company’s stock had a trading volume of 1,145,300 shares, compared to its average volume of 832,400. Jacobs Engineering Group has a fifty-two week low of $49.31 and a fifty-two week high of $69.35. 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 cap of $7,949.59, a P/E ratio of 27.52, a P/E/G ratio of 1.43 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, topping the Thomson Reuters’ 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 firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter last year, the firm earned $0.77 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. equities research analysts expect that Jacobs Engineering Group will post 3.44 earnings per share for the current year.
In related news, Director Joseph R. Bronson sold 6,125 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total value of $385,936.25. Following the completion of the transaction, the director now directly owns 30,496 shares in the company, valued at $1,921,552.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.74% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of JEC. Advisor Group Inc. raised its stake 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 valued at $117,000 after acquiring an additional 339 shares during the last quarter. Whittier Trust Co. grew 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 valued at $119,000 after buying an additional 1,200 shares during the last quarter. Jarislowsky Fraser Ltd purchased a new stake in shares of Jacobs Engineering Group during the third quarter valued at approximately $186,000. Palisade Capital Management LLC NJ purchased a new stake in shares of Jacobs Engineering Group during the third quarter valued at approximately $206,000. Finally, Bridgewater Associates LP purchased a new stake in shares of Jacobs Engineering Group during the second quarter valued at approximately $207,000. 84.59% of the stock is owned by institutional investors and hedge funds.
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About Jacobs Engineering Group
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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