TheStreet upgraded shares of Jacobs Engineering Group Inc. (NYSE:JEC) from a hold rating to a buy rating in a research report report published on Monday.

Other analysts have also issued reports about the company. Zacks Investment Research upgraded Jacobs Engineering Group from a hold rating to a buy rating and set a $59.00 price target on the stock in a report on Monday, July 25th. Citigroup Inc. restated a buy rating on shares of Jacobs Engineering Group in a report on Tuesday, July 26th. DA Davidson boosted their price target 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 boosted their price target 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 restated a buy rating and issued a $54.00 price target on shares of Jacobs Engineering Group in a report on Wednesday, August 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $49.45.

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

Shares of Jacobs Engineering Group (NYSE:JEC) traded up 2.28% during mid-day trading on Monday, reaching $59.32. The company had a trading volume of 3,155,205 shares. Jacobs Engineering Group has a 12 month low of $34.76 and a 12 month high of $59.72. The firm’s 50-day moving average is $52.70 and its 200 day moving average is $51.95. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 34.39 and a beta of 1.61.

Jacobs Engineering Group (NYSE:JEC) last posted its earnings results on Tuesday, November 22nd. The company reported $0.77 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.78 billion. Jacobs Engineering Group had a return on equity of 8.58% and a net margin of 1.84%. The company’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. On average, equities research analysts predict that Jacobs Engineering Group will post $3.08 earnings per share for the current year.

In other news, Director Noel G. Watson sold 66,668 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $51.71, for a total value of $3,447,402.28. Following the completion of the transaction, the director now directly owns 736,669 shares in the company, valued at approximately $38,093,153.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Terence D. Hagen sold 18,639 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 27,022 shares of the company’s stock, valued at $1,478,914.06. The disclosure for this sale can be found here. Company insiders own 3.16% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Jacobs Engineering Group by 2.3% in the second quarter. Vanguard Group Inc. now owns 10,809,242 shares of the company’s stock worth $538,408,000 after buying an additional 246,367 shares during the last quarter. State Street Corp boosted its position in shares of Jacobs Engineering Group by 0.3% in the second quarter. State Street Corp now owns 4,785,850 shares of the company’s stock worth $238,397,000 after buying an additional 13,927 shares during the last quarter. Boston Partners boosted its position in shares of Jacobs Engineering Group by 5,194.5% in the second quarter. Boston Partners now owns 3,445,961 shares of the company’s stock worth $171,643,000 after buying an additional 3,380,875 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Jacobs Engineering Group by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,331,762 shares of the company’s stock worth $172,319,000 after buying an additional 16,131 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Jacobs Engineering Group by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,099,256 shares of the company’s stock worth $154,365,000 after buying an additional 62,634 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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