Jacobs Engineering Group Inc (NYSE:JEC) has been given an average rating of “Hold” by the nine ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $67.67.

A number of analysts recently weighed in on JEC shares. Robert W. Baird restated a “hold” rating and set a $69.00 target price on shares of Jacobs Engineering Group in a research note on Friday. Citigroup Inc. lowered shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research lowered shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, KeyCorp upped their target price on shares of Jacobs Engineering Group from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday.

Shares of Jacobs Engineering Group (NYSE:JEC) traded down $1.49 on Monday, hitting $63.29. 619,304 shares of the stock traded hands, compared to its average volume of 623,022. The firm has a market capitalization of $7,803.79, a PE ratio of 20.06, a PEG ratio of 1.42 and a beta of 1.51. Jacobs Engineering Group has a 1-year low of $49.31 and a 1-year high of $65.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.56 and a quick ratio of 1.60.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings results on Tuesday, November 21st. The construction company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.16. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Jacobs Engineering Group had a net margin of 2.93% and a return on equity of 9.18%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. equities research analysts forecast that Jacobs Engineering Group will post 3.4 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, October 13th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, October 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.95%. Jacobs Engineering Group’s payout ratio is 24.69%.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Jacobs Engineering Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 11,936,467 shares of the construction company’s stock valued at $649,225,000 after purchasing an additional 150,333 shares during the last quarter. Ruane Cunniff & Goldfarb Inc. increased its stake in Jacobs Engineering Group by 9.4% in the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 5,692,656 shares of the construction company’s stock valued at $331,711,000 after purchasing an additional 487,089 shares during the last quarter. Wells Fargo & Company MN increased its stake in Jacobs Engineering Group by 68.7% in the third quarter. Wells Fargo & Company MN now owns 4,012,084 shares of the construction company’s stock valued at $233,784,000 after purchasing an additional 1,634,127 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Jacobs Engineering Group by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 3,191,405 shares of the construction company’s stock valued at $185,962,000 after purchasing an additional 19,954 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Jacobs Engineering Group by 26.2% in the second quarter. Victory Capital Management Inc. now owns 2,527,660 shares of the construction company’s stock valued at $137,479,000 after purchasing an additional 524,310 shares during the last quarter. Hedge funds and other institutional investors own 85.16% of the company’s stock.

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About Jacobs Engineering Group

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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