Credit Suisse Group AG reissued their buy rating on shares of Jacobs Engineering Group Inc. (NYSE:JEC) in a research note released on Tuesday morning. They currently have a $60.00 target price on the stock.

A number of other equities analysts also recently commented on the stock. DA Davidson downgraded shares of Jacobs Engineering Group from a buy rating to a neutral rating and increased their price objective for the stock from $60.00 to $62.00 in a research note on Wednesday, November 16th. They noted that the move was a valuation call. TheStreet downgraded shares of Jacobs Engineering Group from a buy rating to a hold rating in a research note on Monday, October 17th. Zacks Investment Research downgraded shares of Jacobs Engineering Group from a hold rating to a sell rating in a research note on Tuesday, October 18th. MKM Partners set a $49.00 price objective on shares of Jacobs Engineering Group and gave the stock a hold rating in a research note on Thursday, September 15th. Finally, Argus restated a buy rating and set a $60.00 price objective (up from $58.00) on shares of Jacobs Engineering Group in a research note on Friday, August 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $49.45.

Jacobs Engineering Group (NYSE:JEC) opened at 60.01 on Tuesday. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 34.79 and a beta of 1.61. Jacobs Engineering Group has a 52 week low of $34.76 and a 52 week high of $60.10. The company’s 50-day moving average price is $52.70 and its 200 day moving average price is $51.95.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $0.77 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.77. Jacobs Engineering Group had a net margin of 1.84% and a return on equity of 8.58%. The company earned $2.64 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the prior year, the business posted $0.80 EPS. The company’s quarterly revenue was down 15.3% on a year-over-year basis. On average, analysts predict that Jacobs Engineering Group will post $3.08 EPS for the current year.

In other news, insider Terence D. Hagen sold 18,639 shares of Jacobs Engineering Group stock in a transaction on Monday, August 29th. The shares were sold at an average price of $54.73, for a total transaction of $1,020,112.47. Following the transaction, the insider now owns 27,022 shares in the company, valued at $1,478,914.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Noel G. Watson sold 66,668 shares of Jacobs Engineering Group stock in a transaction 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 transaction, the director now owns 736,669 shares in the company, valued at approximately $38,093,153.99. The disclosure for this sale can be found here. Insiders own 3.16% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Integrated Investment Consultants LLC raised its position in shares of Jacobs Engineering Group by 2.1% in the second quarter. Integrated Investment Consultants LLC now owns 2,048 shares of the company’s stock worth $102,000 after buying an additional 42 shares during the period. Acrospire Investment Management LLC raised its position in Jacobs Engineering Group by 340.0% in the second quarter. Acrospire Investment Management LLC now owns 2,200 shares of the company’s stock valued at $110,000 after buying an additional 1,700 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Jacobs Engineering Group by 33.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,366 shares of the company’s stock valued at $117,000 after buying an additional 594 shares during the last quarter. Baldwin Brothers Inc. MA purchased a new position in Jacobs Engineering Group during the third quarter valued at about $129,000. Finally, Fuller & Thaler Asset Management Inc. raised its position in Jacobs Engineering Group by 40.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,800 shares of the company’s stock valued at $145,000 after buying an additional 800 shares during the last quarter. Institutional investors own 86.86% 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.

5 Day Chart for NYSE:JEC

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