Jacobs Engineering Group Inc (JEC) Receives $73.27 Consensus Target Price from Analysts

Jacobs Engineering Group Inc (NYSE:JEC) has earned an average rating of “Buy” from the seventeen ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $74.00.

Several equities analysts have recently weighed in on the company. Deutsche Bank raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $72.00 to $73.00 in a research note on Thursday. UBS set a $86.00 price objective on Jacobs Engineering Group and gave the company a “buy” rating in a research note on Thursday. Robert W. Baird raised Jacobs Engineering Group from a “neutral” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research note on Monday, March 26th. MKM Partners raised Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Wednesday. Finally, Bank of America lifted their price objective on Jacobs Engineering Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th.

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A number of institutional investors have recently added to or reduced their stakes in JEC. New York State Common Retirement Fund increased its holdings in Jacobs Engineering Group by 1.6% during the 3rd quarter. New York State Common Retirement Fund now owns 342,638 shares of the construction company’s stock worth $19,966,000 after purchasing an additional 5,425 shares during the last quarter. Comerica Bank increased its holdings in Jacobs Engineering Group by 4.1% during the 3rd quarter. Comerica Bank now owns 34,175 shares of the construction company’s stock worth $1,998,000 after purchasing an additional 1,336 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Jacobs Engineering Group by 60.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 289,715 shares of the construction company’s stock worth $16,882,000 after purchasing an additional 108,743 shares during the last quarter. Commonwealth Equity Services Inc increased its holdings in Jacobs Engineering Group by 21.4% during the 3rd quarter. Commonwealth Equity Services Inc now owns 11,540 shares of the construction company’s stock worth $672,000 after purchasing an additional 2,031 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in Jacobs Engineering Group by 239.7% during the 3rd quarter. Macquarie Group Ltd. now owns 12,330 shares of the construction company’s stock worth $718,000 after purchasing an additional 8,700 shares during the last quarter. 82.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE JEC traded up $2.28 during midday trading on Friday, hitting $59.15. The stock had a trading volume of 1,408,755 shares, compared to its average volume of 1,354,966. The firm has a market capitalization of $8,379.84, a P/E ratio of 18.26, a P/E/G ratio of 1.10 and a beta of 1.54. Jacobs Engineering Group has a 1-year low of $49.31 and a 1-year high of $72.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.10. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.56 billion. Jacobs Engineering Group had a return on equity of 8.59% and a net margin of 2.30%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. equities research analysts expect that Jacobs Engineering Group will post 4.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 16th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.01%. The ex-dividend date was Thursday, February 15th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 18.52%.

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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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