MKM Partners Upgrades Jacobs Engineering Group (JEC) to Buy

MKM Partners upgraded shares of Jacobs Engineering Group (NYSE:JEC) from a neutral rating to a buy rating in a research report released on Wednesday morning, Marketbeat.com reports. MKM Partners currently has $71.00 target price on the construction company’s stock.

Several other equities research analysts have also recently weighed in on the stock. ValuEngine upgraded shares of Jacobs Engineering Group from a hold rating to a buy rating in a research report on Sunday, December 31st. Credit Suisse Group restated an outperform rating and issued a $82.00 price target on shares of Jacobs Engineering Group in a research report on Thursday, January 18th. Bank of America boosted their price target on shares of Jacobs Engineering Group from $62.00 to $70.00 and gave the stock a neutral rating in a research report on Thursday, February 8th. Robert W. Baird upgraded shares of Jacobs Engineering Group from a neutral rating to an outperform rating and set a $70.00 price target on the stock in a research report on Monday, March 26th. Finally, Zacks Investment Research upgraded shares of Jacobs Engineering Group from a hold rating to a buy rating and set a $76.00 price target on the stock in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $74.62.

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Jacobs Engineering Group stock opened at $59.15 on Wednesday. The company has a market cap of $8,379.84, a PE ratio of 17.82, a P/E/G ratio of 1.10 and a beta of 1.54. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. Jacobs Engineering Group has a 1 year low of $49.31 and a 1 year high of $72.18.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 16th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, February 15th. Jacobs Engineering Group’s payout ratio is 18.52%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in 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 buying an additional 174,080 shares during the period. Ruane Cunniff & Goldfarb Inc. boosted its stake in Jacobs Engineering Group by 9.4% during the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 5,692,656 shares of the construction company’s stock worth $331,711,000 after buying an additional 487,089 shares during the period. Wells Fargo & Company MN boosted its stake in 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 buying an additional 276,095 shares during the period. Dimensional Fund Advisors LP boosted its stake in Jacobs Engineering Group by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,191,405 shares of the construction company’s stock worth $185,962,000 after buying an additional 19,954 shares during the period. Finally, Geode Capital Management LLC boosted its stake in 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 buying an additional 50,945 shares during the period. 82.25% of the stock is owned by institutional investors.

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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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