Jacobs Engineering Group Inc (NYSE:JEC) has been given an average rating of “Buy” by the eighteen research firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $83.67.

Several equities research analysts recently issued reports on the company. Seaport Global Securities assumed coverage on Jacobs Engineering Group in a research note on Thursday, November 15th. They set a “buy” rating and a $91.00 price objective for the company. ValuEngine raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 19th. Barclays reissued a “buy” rating and set a $83.00 price objective on shares of Jacobs Engineering Group in a research note on Thursday, October 18th. Robert W. Baird lifted their price objective on Jacobs Engineering Group from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 23rd. Finally, Citigroup raised Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Monday, October 22nd.

NYSE:JEC traded down $1.14 during trading hours on Friday, hitting $59.78. 1,485,072 shares of the company’s stock traded hands, compared to its average volume of 1,231,631. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 1.27 and a beta of 1.40. Jacobs Engineering Group has a 52 week low of $55.21 and a 52 week high of $82.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.45 and a current ratio of 1.45.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, November 20th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.07. The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.27 billion. Jacobs Engineering Group had a return on equity of 10.40% and a net margin of 1.19%. The firm’s quarterly revenue was up 56.1% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. Equities analysts forecast that Jacobs Engineering Group will post 5.15 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Jacobs Engineering Group by 103.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,417 shares of the construction company’s stock worth $108,000 after buying an additional 720 shares during the period. Brown Advisory Securities LLC increased its holdings in shares of Jacobs Engineering Group by 7.8% in the third quarter. Brown Advisory Securities LLC now owns 10,382 shares of the construction company’s stock worth $795,000 after buying an additional 748 shares during the period. Vident Investment Advisory LLC increased its holdings in shares of Jacobs Engineering Group by 1.5% in 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 period. Commerce Bank increased its holdings in shares of Jacobs Engineering Group by 8.4% in the third quarter. Commerce Bank now owns 9,871 shares of the construction company’s stock worth $755,000 after buying an additional 766 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Jacobs Engineering Group by 1.3% in 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 period. 86.46% of the stock is owned by hedge funds and other institutional investors.

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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