Robert W. Baird Reaffirms Hold Rating for Jacobs Engineering Group Inc. (JEC)

Robert W. Baird reaffirmed their hold rating on shares of Jacobs Engineering Group Inc. (NYSE:JEC) in a research report sent to investors on Friday morning. Robert W. Baird currently has a $63.00 price objective on the construction company’s stock.

JEC has been the subject of a number of other research reports. BidaskClub raised Jacobs Engineering Group from a strong sell rating to a sell rating in a report on Friday, August 25th. Citigroup Inc. downgraded Jacobs Engineering Group from a buy rating to a neutral rating and set a $62.00 price target for the company. in a report on Thursday, August 3rd. Zacks Investment Research raised Jacobs Engineering Group from a sell rating to a hold rating in a report on Thursday, August 10th. KeyCorp reissued a buy rating and issued a $60.00 price target on shares of Jacobs Engineering Group in a report on Friday, August 25th. Finally, Jefferies Group LLC reissued a hold rating and issued a $61.00 price target on shares of Jacobs Engineering Group in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Jacobs Engineering Group currently has a consensus rating of Hold and a consensus target price of $61.75.

Shares of Jacobs Engineering Group (NYSE JEC) opened at 58.38 on Friday. Jacobs Engineering Group has a 12 month low of $49.16 and a 12 month high of $63.42. The stock’s 50 day moving average price is $55.71 and its 200 day moving average price is $54.14. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 31.05 and a beta of 1.53.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. Jacobs Engineering Group’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 earnings per share. Equities research analysts predict that Jacobs Engineering Group will post $3.13 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Robert W. Baird Reaffirms Hold Rating for Jacobs Engineering Group Inc. (JEC)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/10/robert-w-baird-reaffirms-hold-rating-for-jacobs-engineering-group-inc-jec.html.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio is presently 31.75%.

Large investors have recently added to or reduced their stakes in the business. Swiss National Bank lifted its holdings in Jacobs Engineering Group by 2.9% during the 2nd quarter. Swiss National Bank now owns 441,043 shares of the construction company’s stock worth $23,988,000 after buying an additional 12,500 shares during the last quarter. Legal & General Group Plc lifted its holdings in Jacobs Engineering Group by 6.0% during the 2nd quarter. Legal & General Group Plc now owns 715,762 shares of the construction company’s stock worth $38,928,000 after buying an additional 40,249 shares during the last quarter. Greenwood Capital Associates LLC lifted its holdings in Jacobs Engineering Group by 6.4% during the 2nd quarter. Greenwood Capital Associates LLC now owns 7,847 shares of the construction company’s stock worth $427,000 after buying an additional 470 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Jacobs Engineering Group by 61.5% during the 2nd quarter. Prudential Financial Inc. now owns 321,304 shares of the construction company’s stock worth $17,476,000 after buying an additional 122,362 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in Jacobs Engineering Group by 2,990.4% during the 1st quarter. BlackRock Inc. now owns 7,894,069 shares of the constru

JEC has been the subject of a number of other research reports. BidaskClub raised Jacobs Engineering Group from a strong sell rating to a sell rating in a report on Friday, August 25th. Citigroup Inc. downgraded Jacobs Engineering Group from a buy rating to a neutral rating and set a $62.00 price target for the company. in a report on Thursday, August 3rd. Zacks Investment Research raised Jacobs Engineering Group from a sell rating to a hold rating in a report on Thursday, August 10th. KeyCorp reissued a buy rating and issued a $60.00 price target on shares of Jacobs Engineering Group in a report on Friday, August 25th. Finally, Jefferies Group LLC reissued a hold rating and issued a $61.00 price target on shares of Jacobs Engineering Group in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Jacobs Engineering Group currently has a consensus rating of Hold and a consensus target price of $61.75.

Shares of Jacobs Engineering Group (NYSE JEC) opened at 58.38 on Friday. Jacobs Engineering Group has a 12 month low of $49.16 and a 12 month high of $63.42. The stock’s 50 day moving average price is $55.71 and its 200 day moving average price is $54.14. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 31.05 and a beta of 1.53.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. Jacobs Engineering Group’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 earnings per share. Equities research analysts predict that Jacobs Engineering Group will post $3.13 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Robert W. Baird Reaffirms Hold Rating for Jacobs Engineering Group Inc. (JEC)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/10/robert-w-baird-reaffirms-hold-rating-for-jacobs-engineering-group-inc-jec.html.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio is presently 31.75%.

Large investors have recently added to or reduced their stakes in the business. Swiss National Bank lifted its holdings in Jacobs Engineering Group by 2.9% during the 2nd quarter. Swiss National Bank now owns 441,043 shares of the construction company’s stock worth $23,988,000 after buying an additional 12,500 shares during the last quarter. Legal & General Group Plc lifted its holdings in Jacobs Engineering Group by 6.0% during the 2nd quarter. Legal & General Group Plc now owns 715,762 shares of the construction company’s stock worth $38,928,000 after buying an additional 40,249 shares during the last quarter. Greenwood Capital Associates LLC lifted its holdings in Jacobs Engineering Group by 6.4% during the 2nd quarter. Greenwood Capital Associates LLC now owns 7,847 shares of the construction company’s stock worth $427,000 after buying an additional 470 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Jacobs Engineering Group by 61.5% during the 2nd quarter. Prudential Financial Inc. now owns 321,304 shares of the construction company’s stock worth $17,476,000 after buying an additional 122,362 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in Jacobs Engineering Group by 2,990.4% during the 1st quarter. BlackRock Inc. now owns 7,894,069 shares of the construction company’s stock worth $436,383,000 after buying an additional 7,638,632 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

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