Jacobs Engineering Group Inc. (NYSE:JEC) had its price objective lifted by Deutsche Bank AG from $50.00 to $60.00 in a report released on Wednesday. They currently have a hold rating on the stock.

Other equities research analysts also recently issued research reports about the company. Argus reiterated a buy rating and issued a $60.00 price objective (up previously from $58.00) on shares of Jacobs Engineering Group in a research report on Friday, August 19th. Jefferies Group reiterated a buy rating and issued a $54.00 price objective on shares of Jacobs Engineering Group in a research report on Wednesday, August 10th. DA Davidson increased their price objective on Jacobs Engineering Group from $63.00 to $65.00 and gave the stock a buy rating in a research report on Wednesday, August 10th. Citigroup Inc. reiterated a buy rating on shares of Jacobs Engineering Group in a research report on Tuesday, July 26th. Finally, TheStreet upgraded Jacobs Engineering Group from a hold rating to a buy rating in a research report on Monday. Two equities 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 stock. Jacobs Engineering Group presently has an average rating of Hold and a consensus target price of $50.25.

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

Shares of Jacobs Engineering Group (NYSE:JEC) traded up 4.00% during midday trading on Wednesday, reaching $61.69. The company had a trading volume of 1,950,088 shares. The company has a market capitalization of $7.49 billion, a PE ratio of 35.76 and a beta of 1.61. The company has a 50 day moving average of $52.98 and a 200 day moving average of $52.02. Jacobs Engineering Group has a one year low of $34.76 and a one year high of $61.76.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results 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 return on equity of 8.43% and a net margin of 1.92%. The firm earned $2.64 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same period last year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was down 15.3% on a year-over-year basis. Analysts predict that Jacobs Engineering Group will post $3.20 EPS for the current fiscal year.

In other Jacobs Engineering Group news, insider Terence D. Hagen sold 18,639 shares of the business’s 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 completion of the sale, the insider now directly owns 27,022 shares in the company, valued at approximately $1,478,914.06. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Noel G. Watson sold 66,668 shares of the business’s stock in a transaction on Tuesday, October 4th. The shares were 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 of the company’s stock, valued at approximately $38,093,153.99. The disclosure for this sale can be found here. 3.16% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of JEC. Integrated Investment Consultants LLC increased its stake 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 last quarter. Acrospire Investment Management LLC increased its stake in shares of Jacobs Engineering Group by 340.0% in the second quarter. Acrospire Investment Management LLC now owns 2,200 shares of the company’s stock worth $110,000 after buying an additional 1,700 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of 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 worth $117,000 after buying an additional 594 shares during the last quarter. Baldwin Brothers Inc. MA acquired a new stake in shares of Jacobs Engineering Group during the third quarter worth about $129,000. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of 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 worth $145,000 after buying an additional 800 shares during the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

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Jacobs Engineering Group Company Profile

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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