Jacobs Engineering Group Inc. (NYSE:J) Given Average Recommendation of “Buy” by Brokerages

Shares of Jacobs Engineering Group Inc. (NYSE:J) have been given an average recommendation of “Buy” by the ten analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $162.89.

J has been the topic of a number of research analyst reports. Credit Suisse Group upped their target price on shares of Jacobs Engineering Group from $156.00 to $162.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 24th. Berenberg Bank cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, January 6th. Barclays lifted their target price on shares of Jacobs Engineering Group from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, December 17th. Citigroup boosted their price target on shares of Jacobs Engineering Group from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 24th. Finally, Robert W. Baird lifted their target price on shares of Jacobs Engineering Group from $145.00 to $161.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 24th.

J traded down $1.26 on Friday, hitting $132.92. The company had a trading volume of 352,650 shares, compared to its average volume of 567,407. The stock has a fifty day simple moving average of $141.14 and a 200-day simple moving average of $136.70. Jacobs Engineering Group has a 52-week low of $100.05 and a 52-week high of $149.55. The firm has a market capitalization of $17.21 billion, a P/E ratio of 41.93, a P/E/G ratio of 1.51 and a beta of 0.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.34 and a quick ratio of 1.34.

Jacobs Engineering Group (NYSE:J) last posted its earnings results on Tuesday, November 23rd. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.80 billion. Jacobs Engineering Group had a net margin of 3.38% and a return on equity of 13.57%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 EPS. Equities research analysts expect that Jacobs Engineering Group will post 7.11 earnings per share for the current fiscal year.

In other news, CEO Steven J. Demetriou sold 98,739 shares of the company’s stock in a transaction on Wednesday, November 17th. The shares were sold at an average price of $145.76, for a total value of $14,392,196.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin C. Berryman sold 73,685 shares of the company’s stock in a transaction on Wednesday, November 17th. The shares were sold at an average price of $145.74, for a total transaction of $10,738,851.90. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in J. HighTower Advisors LLC raised its position in Jacobs Engineering Group by 51.8% in the 2nd quarter. HighTower Advisors LLC now owns 19,584 shares of the company’s stock valued at $2,614,000 after purchasing an additional 6,685 shares during the last quarter. Parallel Advisors LLC raised its position in Jacobs Engineering Group by 24.2% in the 2nd quarter. Parallel Advisors LLC now owns 487 shares of the company’s stock valued at $65,000 after purchasing an additional 95 shares during the last quarter. First Horizon Advisors Inc. raised its position in Jacobs Engineering Group by 238.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 376 shares of the company’s stock valued at $49,000 after purchasing an additional 265 shares during the last quarter. Duality Advisers LP purchased a new stake in Jacobs Engineering Group in the 2nd quarter valued at $2,491,000. Finally, Ninepoint Partners LP raised its position in Jacobs Engineering Group by 15.3% in the 2nd quarter. Ninepoint Partners LP now owns 5,078 shares of the company’s stock valued at $678,000 after purchasing an additional 674 shares during the last quarter. Hedge funds and other institutional investors own 85.66% of the company’s stock.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group, Inc engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. The firm operates through Critical Mission Solutions, and People & Places Solutions segments. The Critical Mission Solutions provides a full spectrum of cyber, data analytics, systems and software application integration and consulting services.

See Also: Equal Weight Rating

Analyst Recommendations for Jacobs Engineering Group (NYSE:J)

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