Jacobs Engineering Group (NYSE:JEC)‘s stock had its “buy” rating reissued by equities research analysts at Argus in a research report issued to clients and investors on Monday, November 27th. They currently have a $73.00 price target on the construction company’s stock. Argus’ target price points to a potential upside of 9.84% from the company’s current price. The analysts noted that the move was a valuation call.
JEC has been the topic of several other reports. Robert W. Baird reiterated a “hold” rating and issued a $63.00 target price on shares of Jacobs Engineering Group in a report on Friday, October 6th. Zacks Investment Research cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. ValuEngine cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. BidaskClub raised Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Citigroup lowered Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $67.44.
Jacobs Engineering Group (NYSE:JEC) opened at $66.46 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $8,033.88, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.45 and a beta of 1.56. Jacobs Engineering Group has a 52 week low of $49.31 and a 52 week high of $67.69.
Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.16. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Jacobs Engineering Group had a return on equity of 9.18% and a net margin of 2.93%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 earnings per share. sell-side analysts forecast that Jacobs Engineering Group will post 3.44 EPS for the current year.
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 owns 30,496 shares in the company, valued at approximately $1,921,552.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.49% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Advisor Group Inc. boosted its stake in Jacobs Engineering Group by 18.8% in the 2nd 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 stake in Jacobs Engineering Group by 141.2% in the 3rd 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. First Manhattan Co. boosted its stake in Jacobs Engineering Group by 1,013.6% in the 2nd quarter. First Manhattan Co. now owns 2,383 shares of the construction company’s stock worth $129,000 after purchasing an additional 2,169 shares during the period. Jarislowsky Fraser Ltd bought a new position in Jacobs Engineering Group in the 3rd quarter worth about $186,000. Finally, Palisade Capital Management LLC NJ bought a new position in Jacobs Engineering Group in the 3rd quarter worth about $206,000. Institutional investors own 85.14% of the company’s stock.
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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.
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