Jacobs Engineering Group (NYSE:JEC) had its price objective dropped by research analysts at Citigroup from $95.00 to $90.00 in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s price target would indicate a potential upside of 38.02% from the stock’s previous close.

Other analysts also recently issued reports about the company. Bank of America upped their price objective on Jacobs Engineering Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. UBS Group upped their price objective on Jacobs Engineering Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. DA Davidson upgraded Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Monday, August 6th. ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 19th. Finally, MKM Partners upped their price objective on Jacobs Engineering Group to $84.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $83.14.

JEC opened at $65.21 on Wednesday. The firm has a market cap of $9.23 billion, a PE ratio of 14.59, a P/E/G ratio of 0.96 and a beta of 1.41. Jacobs Engineering Group has a 52-week low of $55.21 and a 52-week high of $82.24. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.36.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Tuesday, November 20th. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.07. Jacobs Engineering Group had a return on equity of 10.39% and a net margin of 1.19%. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the company earned $0.98 EPS. Jacobs Engineering Group’s revenue for the quarter was up 56.1% on a year-over-year basis. Equities analysts forecast that Jacobs Engineering Group will post 5.3 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of JEC. Alliancebernstein L.P. raised its position in Jacobs Engineering Group by 354.8% in the third quarter. Alliancebernstein L.P. now owns 1,817,462 shares of the construction company’s stock valued at $139,036,000 after purchasing an additional 1,417,879 shares during the last quarter. Morgan Stanley raised its position in Jacobs Engineering Group by 325.0% in the third quarter. Morgan Stanley now owns 1,147,517 shares of the construction company’s stock valued at $87,784,000 after purchasing an additional 877,529 shares during the last quarter. CI Global Investments Inc. raised its position in Jacobs Engineering Group by 27.7% in the third quarter. CI Global Investments Inc. now owns 3,595,224 shares of the construction company’s stock valued at $275,035,000 after purchasing an additional 779,327 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of Jacobs Engineering Group by 658.9% during the second quarter. Point72 Asset Management L.P. now owns 710,289 shares of the construction company’s stock worth $45,096,000 after acquiring an additional 616,689 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Jacobs Engineering Group during the second quarter worth about $38,937,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

About Jacobs Engineering Group

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

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Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

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