Jacobs Engineering Group Inc. (NYSE:JEC) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Other equities analysts have also issued research reports about the company. KeyCorp reissued a “buy” rating and set a $60.00 price target on shares of Jacobs Engineering Group in a report on Friday, August 25th. Citigroup Inc. set a $64.00 price target on Jacobs Engineering Group and gave the stock a “hold” rating in a report on Friday, October 27th. Robert W. Baird reissued a “hold” rating and set a $63.00 price target on shares of Jacobs Engineering Group in a report on Friday, October 6th. Zacks Investment Research raised Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $61.00 price target on shares of Jacobs Engineering Group in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Jacobs Engineering Group currently has an average rating of “Hold” and a consensus target price of $62.63.

Jacobs Engineering Group (NYSE:JEC) traded up $1.08 during midday trading on Wednesday, hitting $58.43. The company had a trading volume of 581,000 shares, compared to its average volume of 814,099. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.60 and a current ratio of 1.60. Jacobs Engineering Group has a 52-week low of $49.31 and a 52-week high of $63.42. The stock has a market capitalization of $7,070.00, a price-to-earnings ratio of 18.99, a P/E/G ratio of 1.65 and a beta of 1.51.

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Several hedge funds have recently bought and sold shares of JEC. Wells Fargo & Company MN lifted its position in shares of Jacobs Engineering Group by 373.8% during the 2nd quarter. Wells Fargo & Company MN now owns 2,377,957 shares of the construction company’s stock valued at $129,336,000 after acquiring an additional 1,876,081 shares during the period. Victory Capital Management Inc. lifted its position in shares of Jacobs Engineering Group by 26.2% during the 2nd quarter. Victory Capital Management Inc. now owns 2,527,660 shares of the construction company’s stock valued at $137,479,000 after acquiring an additional 524,310 shares during the period. APG Asset Management N.V. lifted its position in shares of Jacobs Engineering Group by 74.2% during the 2nd quarter. APG Asset Management N.V. now owns 1,180,959 shares of the construction company’s stock valued at $64,232,000 after acquiring an additional 503,200 shares during the period. Ruane Cunniff & Goldfarb Inc. lifted its position in shares of Jacobs Engineering Group by 9.4% during the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 5,692,656 shares of the construction company’s stock valued at $331,711,000 after acquiring an additional 487,089 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Jacobs Engineering Group during the 3rd quarter valued at approximately $23,148,000. Institutional investors own 83.33% of the company’s stock.

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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