BidaskClub upgraded shares of Jacobs Engineering Group Inc. (NYSE:JEC) from a strong sell rating to a sell rating in a research report sent to investors on Friday morning.

A number of other equities analysts have also recently issued reports on JEC. Citigroup Inc. cut Jacobs Engineering Group from a buy rating to a neutral rating and set a $62.00 price objective for the company. in a report on Thursday, August 3rd. Citadel Securities cut Jacobs Engineering Group from a buy rating to a neutral rating and boosted their price objective for the company from $62.00 to $66.00 in a report on Tuesday, August 8th. Zacks Investment Research upgraded Jacobs Engineering Group from a sell rating to a hold rating in a report on Thursday, August 10th. Robert W. Baird restated a neutral rating and set a $64.00 price objective (up previously from $62.00) on shares of Jacobs Engineering Group in a report on Friday, May 12th. Finally, KeyCorp restated a buy rating and set a $60.00 price objective on shares of Jacobs Engineering Group in a report on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $62.30.

Jacobs Engineering Group (JEC) opened at 51.94 on Friday. Jacobs Engineering Group has a 12-month low of $49.15 and a 12-month high of $63.42. The stock has a 50 day moving average of $52.69 and a 200-day moving average of $54.20. The company has a market cap of $6.25 billion, a PE ratio of 27.63 and a beta of 1.52.

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

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The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Wednesday, August 2nd. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 31.75%.

A number of large investors have recently modified their holdings of the stock. Macquarie Group Ltd. raised its stake in shares of Jacobs Engineering Group by 33.3% in the fourth quarter. Macquarie Group Ltd. now owns 12,400 shares of the construction company’s stock worth $707,000 after buying an additional 3,100 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Jacobs Engineering Group during the first quarter worth $293,000. Nisa Investment Advisors LLC raised its stake in shares of Jacobs Engineering Group by 78.6% in the first quarter. Nisa Investment Advisors LLC now owns 45,270 shares of the construction company’s stock worth $2,503,000 after buying an additional 19,920 shares during the period. Nationwide Fund Advisors raised its stake in shares of Jacobs Engineering Group by 4.1% in the first quarter. Nationwide Fund Advisors now owns 43,082 shares of the construction company’s stock worth $2,382,000 after buying an additional 1,700 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Jacobs Engineering Group by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,226 shares of the construction company’s stock worth $167,000 after buying an additional 158 shares during the period. 86.13% of the stock is owned by institutional investors and hedge funds.

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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