Jacobs Engineering Group Inc. (NYSE:JEC)‘s stock had its “buy” rating reaffirmed by stock analysts at KeyCorp in a report issued on Friday. They currently have a $60.00 price target on the construction company’s stock. KeyCorp’s target price suggests a potential upside of 15.52% from the company’s current price.

A number of other equities analysts also recently commented on the company. BidaskClub downgraded Jacobs Engineering Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Citadel Securities downgraded Jacobs Engineering Group from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $62.00 to $66.00 in a report on Tuesday, August 8th. Jefferies Group LLC restated a “hold” rating and issued a $61.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 4th. Finally, Citigroup Inc. downgraded Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Jacobs Engineering Group has an average rating of “Hold” and a consensus target price of $62.30.

Shares of Jacobs Engineering Group (NYSE JEC) opened at 51.94 on Friday. The stock has a market cap of $6.25 billion, a PE ratio of 27.63 and a beta of 1.52. The company’s 50-day moving average is $52.69 and its 200 day moving average is $54.20. Jacobs Engineering Group has a 52 week low of $49.15 and a 52 week high of $63.42.

Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. Analysts forecast that Jacobs Engineering Group will post $3.13 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in JEC. BlackRock Inc. increased its position in shares of Jacobs Engineering Group by 2,990.4% in the first quarter. BlackRock Inc. now owns 7,894,069 shares of the construction company’s stock valued at $436,383,000 after buying an additional 7,638,632 shares during the period. Wells Fargo & Company MN boosted its stake in Jacobs Engineering Group by 373.8% in the second quarter. Wells Fargo & Company MN now owns 2,377,957 shares of the construction company’s stock valued at $129,336,000 after buying an additional 1,876,081 shares in the last quarter. AQR Capital Management LLC boosted its stake in Jacobs Engineering Group by 50.2% in the first quarter. AQR Capital Management LLC now owns 2,653,141 shares of the construction company’s stock valued at $146,665,000 after buying an additional 886,230 shares in the last quarter. American Century Companies Inc. acquired a new stake in Jacobs Engineering Group during the first quarter valued at $47,022,000. Finally, Primecap Management Co. CA boosted its stake in Jacobs Engineering Group by 7.8% in the first quarter. Primecap Management Co. CA now owns 8,258,797 shares of the construction company’s stock valued at $456,546,000 after buying an additional 599,550 shares in the last quarter. Institutional investors own 87.94% of the company’s stock.

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.

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

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