Jacobs Engineering Group Inc (JEC) Given Consensus Recommendation of “Buy” by Analysts

Jacobs Engineering Group Inc (NYSE:JEC) has been assigned a consensus recommendation of “Buy” from the seventeen analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $74.00.

JEC has been the topic 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. Zacks Investment Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Monday, January 8th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of Jacobs Engineering Group in a research note on Thursday, January 18th. Barclays raised their price objective on Jacobs Engineering Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, UBS raised Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Monday, January 29th.

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Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Jacobs Engineering Group by 2.2% during the fourth quarter. BlackRock Inc. now owns 8,139,258 shares of the construction company’s stock worth $536,866,000 after purchasing an additional 174,080 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Jacobs Engineering Group by 6.9% during the fourth quarter. Wells Fargo & Company MN now owns 4,288,179 shares of the construction company’s stock worth $282,848,000 after purchasing an additional 276,095 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Jacobs Engineering Group by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 1,361,374 shares of the construction company’s stock worth $89,618,000 after purchasing an additional 50,945 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Jacobs Engineering Group by 8.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,015,565 shares of the construction company’s stock worth $66,986,000 after purchasing an additional 81,545 shares in the last quarter. Finally, Madison Investment Holdings Inc. grew its position in shares of Jacobs Engineering Group by 1.3% during the fourth quarter. Madison Investment Holdings Inc. now owns 811,236 shares of the construction company’s stock worth $53,509,000 after purchasing an additional 10,206 shares in the last quarter. Hedge funds and other institutional investors own 82.24% of the company’s stock.



JEC stock traded down $0.04 during trading on Thursday, reaching $60.52. The stock had a trading volume of 374,088 shares, compared to its average volume of 1,261,538. Jacobs Engineering Group has a 52 week low of $49.31 and a 52 week high of $72.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market cap of $8,534.28, a price-to-earnings ratio of 18.65, a P/E/G ratio of 1.12 and a beta of 1.47.

Jacobs Engineering Group (NYSE:JEC) last posted its earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. Jacobs Engineering Group had a return on equity of 8.59% and a net margin of 2.30%. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the company earned $0.68 earnings per share. Jacobs Engineering Group’s revenue was up 7.8% on a year-over-year basis. equities analysts predict that Jacobs Engineering Group will post 4.01 earnings per share 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.

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

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