Shares of Jacobs Engineering Group Inc. (NYSE:JEC) have earned a consensus rating of “Hold” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $62.38.

Several brokerages have issued reports on JEC. BidaskClub cut shares of Jacobs Engineering Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 target price on shares of Jacobs Engineering Group in a research note on Friday, August 4th. Citadel Securities cut shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $62.00 to $66.00 in a research note on Tuesday, August 8th. Finally, KeyCorp reaffirmed a “buy” rating and set a $60.00 target price on shares of Jacobs Engineering Group in a research note on Friday, August 25th.

Several hedge funds have recently made changes to their positions in JEC. Nationwide Fund Advisors boosted its position in shares of Jacobs Engineering Group by 4.1% during the 1st quarter. Nationwide Fund Advisors now owns 43,082 shares of the construction company’s stock valued at $2,382,000 after acquiring an additional 1,700 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Jacobs Engineering Group by 5.1% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 3,226 shares of the construction company’s stock valued at $167,000 after acquiring an additional 158 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Jacobs Engineering Group by 110.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,048 shares of the construction company’s stock valued at $721,000 after acquiring an additional 6,836 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Jacobs Engineering Group by 84.9% during the 1st quarter. Russell Investments Group Ltd. now owns 138,505 shares of the construction company’s stock valued at $7,657,000 after acquiring an additional 63,595 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Jacobs Engineering Group by 14.2% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,444 shares of the construction company’s stock valued at $577,000 after acquiring an additional 1,297 shares during the last quarter. 86.13% of the stock is currently owned by hedge funds and other institutional investors.

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Jacobs Engineering Group (JEC) traded up 0.15% during trading on Wednesday, reaching $54.46. 317,663 shares of the company’s stock traded hands. Jacobs Engineering Group has a one year low of $49.15 and a one year high of $63.42. The company has a 50-day moving average price of $52.52 and a 200 day moving average price of $53.95. The firm has a market capitalization of $6.55 billion, a PE ratio of 28.97 and a beta of 1.52.

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

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 4th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.10%. Jacobs Engineering Group’s payout ratio is 31.75%.

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.

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

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