Analysts Set Jacobs Engineering Group Inc. (NYSE:J) PT at $116.38

Jacobs Engineering Group Inc. (NYSE:J) has received an average recommendation of “Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $116.38.

Several research analysts have recently weighed in on J shares. Benchmark lifted their price target on shares of Jacobs Engineering Group from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, March 11th. Robert W. Baird lowered Jacobs Engineering Group from an “outperform” rating to a “neutral” rating and set a $118.00 price target for the company. in a report on Tuesday, January 5th. Barclays lifted their price target on shares of Jacobs Engineering Group from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, January 15th. Finally, Credit Suisse Group upped their target price on shares of Jacobs Engineering Group from $131.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday, February 10th.

In related news, SVP Michael R. Tyler sold 4,125 shares of the business’s stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $122.11, for a total transaction of $503,703.75. Following the completion of the transaction, the senior vice president now owns 26,879 shares in the company, valued at approximately $3,282,194.69. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in J. Otter Creek Advisors LLC raised its position in Jacobs Engineering Group by 0.3% during the 4th quarter. Otter Creek Advisors LLC now owns 31,325 shares of the company’s stock valued at $3,412,000 after purchasing an additional 91 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Jacobs Engineering Group by 3.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 2,920 shares of the company’s stock valued at $318,000 after acquiring an additional 95 shares in the last quarter. Eudaimonia Partners LLC grew its holdings in Jacobs Engineering Group by 13.3% during the 4th quarter. Eudaimonia Partners LLC now owns 935 shares of the company’s stock worth $102,000 after acquiring an additional 110 shares in the last quarter. Scotia Capital Inc. grew its holdings in Jacobs Engineering Group by 1.7% during the 4th quarter. Scotia Capital Inc. now owns 6,819 shares of the company’s stock worth $743,000 after acquiring an additional 114 shares in the last quarter. Finally, LVW Advisors LLC raised its holdings in shares of Jacobs Engineering Group by 2.7% in the 4th quarter. LVW Advisors LLC now owns 5,465 shares of the company’s stock valued at $595,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 86.97% of the company’s stock.

Shares of NYSE:J opened at $131.45 on Monday. The stock has a fifty day simple moving average of $121.67 and a two-hundred day simple moving average of $108.41. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 35.43, a PEG ratio of 1.76 and a beta of 0.90. Jacobs Engineering Group has a 12-month low of $69.17 and a 12-month high of $133.76.

Jacobs Engineering Group (NYSE:J) last issued its quarterly earnings data on Monday, February 8th. The company reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.16. Jacobs Engineering Group had a return on equity of 12.43% and a net margin of 3.63%. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. Jacobs Engineering Group’s revenue was up .6% compared to the same quarter last year. As a group, equities research analysts predict that Jacobs Engineering Group will post 5.75 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Friday, February 26th were given a $0.21 dividend. This is a positive change from Jacobs Engineering Group’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Thursday, February 25th. Jacobs Engineering Group’s dividend payout ratio is 15.33%.

About Jacobs Engineering Group

Jacobs Engineering Group Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates in two segments, Critical Mission Solutions and People & Places Solutions.

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Analyst Recommendations for Jacobs Engineering Group (NYSE:J)

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