Jacobs Engineering Group Inc (JEC) Receives Average Recommendation of “Buy” from Brokerages

Jacobs Engineering Group Inc (NYSE:JEC) has been given an average recommendation of “Buy” by the eighteen research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $78.85.

A number of research analysts have recently issued reports on JEC shares. Jefferies Financial Group restated a “hold” rating and issued a $74.00 price target on shares of Jacobs Engineering Group in a research report on Tuesday, August 7th. DA Davidson upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Monday, August 6th. KeyCorp boosted their price target on shares of Jacobs Engineering Group from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 7th. Credit Suisse Group boosted their price target on shares of Jacobs Engineering Group from $82.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 9th. Finally, Bank of America upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Friday, May 11th.

In related news, Director Robert C. Davidson, Jr. sold 700 shares of the business’s stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $65.95, for a total transaction of $46,165.00. Following the transaction, the director now owns 28,618 shares in the company, valued at approximately $1,887,357.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.74% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. raised its holdings in Jacobs Engineering Group by 11.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 7,470 shares of the construction company’s stock worth $474,000 after buying an additional 752 shares during the last quarter. MainStreet Investment Advisors LLC raised its holdings in Jacobs Engineering Group by 9.3% during the second quarter. MainStreet Investment Advisors LLC now owns 8,865 shares of the construction company’s stock worth $563,000 after buying an additional 756 shares during the last quarter. Vident Investment Advisory LLC raised its holdings in Jacobs Engineering Group by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 50,548 shares of the construction company’s stock worth $3,209,000 after buying an additional 756 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Jacobs Engineering Group by 1.3% during the second quarter. PNC Financial Services Group Inc. now owns 62,321 shares of the construction company’s stock worth $3,957,000 after buying an additional 783 shares during the last quarter. Finally, Lathrop Investment Management Corp raised its holdings in Jacobs Engineering Group by 0.3% during the second quarter. Lathrop Investment Management Corp now owns 251,287 shares of the construction company’s stock worth $15,954,000 after buying an additional 792 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.

JEC traded up $0.34 during trading on Wednesday, reaching $73.12. 19,344 shares of the company’s stock were exchanged, compared to its average volume of 1,059,281. Jacobs Engineering Group has a one year low of $51.45 and a one year high of $73.90. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $10.33 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.27 and a beta of 1.49.

Jacobs Engineering Group (NYSE:JEC) last posted its earnings results on Monday, August 6th. The construction company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.14. Jacobs Engineering Group had a net margin of 2.19% and a return on equity of 9.83%. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4 billion. During the same period in the previous year, the firm posted $0.79 EPS. The company’s revenue for the quarter was up 65.3% compared to the same quarter last year. equities research analysts predict that Jacobs Engineering Group will post 4.38 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, August 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.82%. Jacobs Engineering Group’s payout ratio is presently 18.52%.

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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