Today, Jacobs Engineering Group’s (JEC) “Buy” Rating Reiterate at Credit Suisse Group AG

Today, Jacobs Engineering Group’s (JEC) “Buy” Rating Reiterate at Credit Suisse Group AG
Credit Suisse Group AG reaffirmed their buy rating on shares of Jacobs Engineering Group Inc. (NYSE:JEC) in a research note released on Tuesday morning. The firm currently has a $60.00 target price on the stock.

A number of other equities analysts have also recently weighed in on JEC. Zacks Investment Research raised Jacobs Engineering Group from a hold rating to a buy rating and set a $59.00 price objective on the stock in a report on Monday, July 25th. Citigroup Inc. reissued a buy rating on shares of Jacobs Engineering Group in a report on Tuesday, July 26th. DA Davidson raised their price objective on Jacobs Engineering Group from $63.00 to $65.00 and gave the company a buy rating in a report on Wednesday, August 10th. Deutsche Bank AG raised their price objective on Jacobs Engineering Group from $53.00 to $54.00 and gave the company a hold rating in a report on Wednesday, August 10th. Finally, Jefferies Group reissued a buy rating and set a $54.00 price objective on shares of Jacobs Engineering Group in a report on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $50.84.

Jacobs Engineering Group (NYSE:JEC) opened at 61.69 on Tuesday. The company has a market capitalization of $7.49 billion, a PE ratio of 35.76 and a beta of 1.61. Jacobs Engineering Group has a 12-month low of $34.76 and a 12-month high of $61.76. The firm’s 50 day moving average price is $52.98 and its 200-day moving average price is $52.02.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Jacobs Engineering Group had a return on equity of 8.43% and a net margin of 1.92%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter last year, the firm posted $0.80 EPS. The company’s revenue was down 15.3% compared to the same quarter last year. On average, equities analysts anticipate that Jacobs Engineering Group will post $3.20 earnings per share for the current fiscal year.

In related news, Director Noel G. Watson sold 66,668 shares of Jacobs Engineering Group stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $51.71, for a total transaction of $3,447,402.28. Following the sale, the director now directly owns 736,669 shares in the company, valued at $38,093,153.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Terence D. Hagen sold 18,639 shares of Jacobs Engineering Group stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $54.73, for a total value of $1,020,112.47. Following the sale, the insider now owns 27,022 shares in the company, valued at $1,478,914.06. The disclosure for this sale can be found here. Corporate insiders own 3.16% of the company’s stock.

Several large investors have recently added to or reduced their stakes in JEC. Integrated Investment Consultants LLC raised its stake in Jacobs Engineering Group by 2.1% in the second quarter. Integrated Investment Consultants LLC now owns 2,048 shares of the company’s stock valued at $102,000 after buying an additional 42 shares in the last quarter. Suntrust Banks Inc. boosted its position in shares of Jacobs Engineering Group by 0.3% in the second quarter. Suntrust Banks Inc. now owns 19,544 shares of the company’s stock worth $972,000 after buying an additional 63 shares during the last quarter. LPL Financial LLC boosted its position in shares of Jacobs Engineering Group by 0.3% in the first quarter. LPL Financial LLC now owns 25,460 shares of the company’s stock worth $1,080,000 after buying an additional 64 shares during the last quarter. Parametrica Management Ltd boosted its position in shares of Jacobs Engineering Group by 1.5% in the third quarter. Parametrica Management Ltd now owns 4,361 shares of the company’s stock worth $226,000 after buying an additional 64 shares during the last quarter. Finally, World Asset Management Inc boosted its position in shares of Jacobs Engineering Group by 0.6% in the second quarter. World Asset Management Inc now owns 11,383 shares of the company’s stock worth $567,000 after buying an additional 71 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Jacobs Engineering Group Company Profile

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