Jacobs Engineering Group’s (JEC) Buy Rating Reaffirmed at Robert W. Baird

Jacobs Engineering Group (NYSE:JEC)‘s stock had its “buy” rating restated by stock analysts at Robert W. Baird in a report released on Wednesday. They currently have a $80.00 price objective on the construction company’s stock. Robert W. Baird’s target price would indicate a potential upside of 23.67% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Seaport Global Securities started coverage on Jacobs Engineering Group in a report on Thursday, November 15th. They issued a “buy” rating and a $91.00 price objective for the company. Bank of America raised their price objective on Jacobs Engineering Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. UBS Group raised their price objective on Jacobs Engineering Group from $83.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. DA Davidson upgraded Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Monday, August 6th. Finally, ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $83.14.

JEC stock traded down $0.52 during trading hours on Wednesday, reaching $64.69. 1,275,841 shares of the stock were exchanged, compared to its average volume of 1,636,829. The stock has a market cap of $9.20 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.36. Jacobs Engineering Group has a 12 month low of $55.21 and a 12 month high of $82.24.

Jacobs Engineering Group (NYSE:JEC) last released its earnings results on Tuesday, November 20th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.07. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Jacobs Engineering Group had a return on equity of 10.39% and a net margin of 1.19%. The company’s revenue was up 56.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. On average, analysts forecast that Jacobs Engineering Group will post 5.17 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of JEC. Alliancebernstein L.P. lifted its stake in Jacobs Engineering Group by 354.8% in the 3rd quarter. Alliancebernstein L.P. now owns 1,817,462 shares of the construction company’s stock valued at $139,036,000 after purchasing an additional 1,417,879 shares during the last quarter. Morgan Stanley lifted its stake in Jacobs Engineering Group by 325.0% in the 3rd quarter. Morgan Stanley now owns 1,147,517 shares of the construction company’s stock valued at $87,784,000 after purchasing an additional 877,529 shares during the last quarter. CI Global Investments Inc. lifted its stake in Jacobs Engineering Group by 27.7% in the 3rd quarter. CI Global Investments Inc. now owns 3,595,224 shares of the construction company’s stock valued at $275,035,000 after purchasing an additional 779,327 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Jacobs Engineering Group by 658.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 710,289 shares of the construction company’s stock valued at $45,096,000 after purchasing an additional 616,689 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Jacobs Engineering Group in the 2nd quarter valued at about $38,937,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

About Jacobs Engineering Group

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

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Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

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