Jacobs Engineering Group Inc. (NYSE:JEC) had its price objective upped by stock analysts at Credit Suisse Group AG from $60.00 to $66.00 in a note issued to investors on Wednesday. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group AG’s target price suggests a potential upside of 6.99% from the company’s current price.

JEC has been the topic of several other research reports. Deutsche Bank AG lifted 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. Argus reiterated a “buy” rating and set a $60.00 price objective (up previously from $58.00) on shares of Jacobs Engineering Group in a report on Friday, August 19th. TheStreet upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Monday. Johnson Rice cut Jacobs Engineering Group from an “accumulate” rating to a “hold” rating in a research note on Thursday, August 11th. Finally, DA Davidson cut Jacobs Engineering Group from a “buy” rating to a “neutral” rating and boosted their target price for the company from $60.00 to $62.00 in a research note on Wednesday, November 16th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $50.84.

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

Jacobs Engineering Group (NYSE:JEC) opened at 61.69 on Wednesday. The firm’s 50-day moving average price is $52.98 and its 200 day moving average price is $52.02. The firm has a market cap of $7.49 billion, a P/E ratio of 35.76 and a beta of 1.61. 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 released its quarterly earnings data on Tuesday, November 22nd. The company reported $0.77 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. Jacobs Engineering Group had a return on equity of 8.43% and a net margin of 1.92%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the previous year, the business posted $0.80 EPS. Jacobs Engineering Group’s revenue for the quarter was down 15.3% on a year-over-year basis. On average, equities research analysts forecast that Jacobs Engineering Group will post $3.20 EPS for the current year.

In other Jacobs Engineering Group news, Director Noel G. Watson sold 66,668 shares of the company’s 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 transaction, the director now directly owns 736,669 shares of the company’s stock, valued at approximately $38,093,153.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Terence D. Hagen sold 18,639 shares of the company’s 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 directly 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.

Hedge funds and other institutional investors have recently modified their holdings of the stock. 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 in the last quarter. Acrospire Investment Management LLC raised its position 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its position 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 in the last quarter. Baldwin Brothers Inc. MA purchased a new position in shares of Jacobs Engineering Group during the third quarter worth approximately $129,000. Finally, Fuller & Thaler Asset Management Inc. raised its position 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 in the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Jacobs Engineering Group Inc. (JEC) PT Raised to $66.00 at Credit Suisse Group AG” was reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this piece of content can be read at https://www.thecerbatgem.com/2016/11/25/jacobs-engineering-group-inc-jec-pt-raised-to-66-00-at-credit-suisse-group-ag.html.

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

Receive News & Stock Ratings for Jacobs Engineering Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group Inc. and related stocks with our FREE daily email newsletter.