Jacobs Engineering Group Inc. (NYSE:JEC) has been assigned a $57.00 price objective by investment analysts at MKM Partners in a report issued on Thursday. The brokerage currently has a “hold” rating on the stock. MKM Partners’ price target suggests a potential downside of 8.32% from the stock’s current price.

Several other research analysts have also recently commented on the company. Deutsche Bank AG boosted their target price on Jacobs Engineering Group from $50.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday. Credit Suisse Group AG boosted their target price on Jacobs Engineering Group from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Wednesday. TheStreet raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Monday. DA Davidson cut Jacobs Engineering Group from a “buy” rating to a “neutral” rating and boosted their target price 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. Finally, Zacks Investment Research cut Jacobs Engineering Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $51.41.

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

Shares of Jacobs Engineering Group (NYSE:JEC) traded up 0.78% on Thursday, hitting $62.17. The stock had a trading volume of 637,195 shares. The firm’s 50-day moving average price is $53.28 and its 200 day moving average price is $52.11. The firm has a market cap of $7.55 billion, a PE ratio of 36.04 and a beta of 1.61. Jacobs Engineering Group has a 52-week low of $34.76 and a 52-week high of $62.27.

Jacobs Engineering Group (NYSE:JEC) last released its earnings results on Tuesday, November 22nd. The company reported $0.77 EPS for the quarter, hitting 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 firm earned $2.64 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the previous year, the firm 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 predict that Jacobs Engineering Group will post $3.20 EPS for the current year.

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In related news, insider Terence D. Hagen sold 18,639 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $54.73, for a total value of $1,020,112.47. Following the completion of the sale, the insider now directly owns 27,022 shares of the company’s stock, valued at approximately $1,478,914.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Noel G. Watson sold 66,668 shares of the company’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $51.71, for a total value of $3,447,402.28. Following the completion of the sale, the director now directly owns 736,669 shares of the company’s stock, valued at $38,093,153.99. The disclosure for this sale can be found here. 3.16% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc boosted its stake in shares of Jacobs Engineering Group by 0.5% in the first quarter. Legal & General Group Plc now owns 606,665 shares of the company’s stock worth $26,420,000 after buying an additional 2,740 shares during the period. LPL Financial LLC increased its stake in Jacobs Engineering Group by 0.3% in the first quarter. LPL Financial LLC now owns 25,460 shares of the company’s stock valued at $1,080,000 after buying an additional 64 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Jacobs Engineering Group by 1.3% in the first quarter. Panagora Asset Management Inc. now owns 146,303 shares of the company’s stock valued at $6,371,000 after buying an additional 1,875 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Jacobs Engineering Group by 8.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 31,705 shares of the company’s stock valued at $1,380,000 after buying an additional 2,429 shares in the last quarter. Finally, Euclid Advisors LLC bought a new stake in Jacobs Engineering Group during the first quarter valued at approximately $207,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

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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