Jacobs Engineering Group (NYSE:J) Price Target Increased to $156.00 by Analysts at Citigroup


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Jacobs Engineering Group (NYSE:J) had its price target increased by Citigroup from $129.00 to $156.00 in a report published on Wednesday, The Fly reports.

J has been the topic of several other research reports. Barclays lifted their target price on shares of Jacobs Engineering Group from $115.00 to $125.00 and gave the stock an overweight rating in a report on Friday, January 15th. Robert W. Baird lowered shares of Jacobs Engineering Group from an outperform rating to a neutral rating and set a $118.00 target price on the stock. in a research report on Tuesday, January 5th. Stifel Nicolaus raised their price target on shares of Jacobs Engineering Group from $128.00 to $170.00 and gave the stock a buy rating in a research report on Monday. They noted that the move was a valuation call. KeyCorp lifted their target price on shares of Jacobs Engineering Group from $124.00 to $149.00 and gave the stock an overweight rating in a research report on Monday. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price target on shares of Jacobs Engineering Group from $129.00 to $156.00 and gave the stock a buy rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $131.85.

NYSE J opened at $135.46 on Wednesday. Jacobs Engineering Group has a 12 month low of $69.17 and a 12 month high of $136.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $17.62 billion, a PE ratio of 36.51, a P/E/G ratio of 1.76 and a beta of 0.90. The company’s 50 day simple moving average is $126.94 and its 200 day simple moving average is $111.34.

Jacobs Engineering Group (NYSE:J) last posted its quarterly earnings data on Monday, February 8th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.16. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.40 billion. Jacobs Engineering Group had a net margin of 3.63% and a return on equity of 12.43%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the business posted $1.20 EPS. Sell-side analysts anticipate that Jacobs Engineering Group will post 5.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, February 26th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $0.84 dividend on an annualized basis and a yield of 0.62%. This is an increase from Jacobs Engineering Group’s previous quarterly dividend of $0.19. Jacobs Engineering Group’s dividend payout ratio is currently 15.33%.

In related news, SVP Michael R. Tyler sold 4,125 shares of Jacobs Engineering Group stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $122.11, for a total value of $503,703.75. Following the completion of the transaction, the senior vice president now directly owns 26,879 shares in the company, valued at $3,282,194.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Robert V. Pragada sold 21,387 shares of Jacobs Engineering Group stock in a transaction dated Monday, April 12th. The stock was sold at an average price of $135.24, for a total value of $2,892,377.88. Following the sale, the chief operating officer now directly owns 181,590 shares of the company’s stock, valued at $24,558,231.60. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Several large investors have recently made changes to their positions in J. Price T Rowe Associates Inc. MD increased its holdings in Jacobs Engineering Group by 17.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,767,352 shares of the company’s stock valued at $519,451,000 after purchasing an additional 716,744 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Jacobs Engineering Group by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,279,384 shares of the company’s stock worth $139,388,000 after acquiring an additional 14,324 shares during the last quarter. AGF Investments Inc. lifted its holdings in Jacobs Engineering Group by 24.4% in the fourth quarter. AGF Investments Inc. now owns 984,455 shares of the company’s stock worth $107,266,000 after acquiring an additional 192,798 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Jacobs Engineering Group by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 864,553 shares of the company’s stock worth $94,202,000 after acquiring an additional 2,210 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its holdings in shares of Jacobs Engineering Group by 1.0% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 788,977 shares of the company’s stock valued at $85,967,000 after buying an additional 7,557 shares during the last quarter. 86.97% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates in two segments, Critical Mission Solutions and People & Places Solutions.

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