Analysts Set Jacobs Engineering Group Inc (JEC) Price Target at $81.71
Jacobs Engineering Group Inc (NYSE:JEC) has been assigned a consensus recommendation of “Buy” from the nineteen brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $82.34.
A number of analysts recently issued reports on the company. Zacks Investment Research cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday. Cowen set a $82.00 price objective on Jacobs Engineering Group and gave the company a “buy” rating in a research report on Wednesday, February 20th. MKM Partners reduced their price objective on Jacobs Engineering Group from $84.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, November 21st. Barclays set a $85.00 price objective on Jacobs Engineering Group and gave the company a “buy” rating in a research report on Tuesday, February 19th. Finally, ValuEngine raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Monday, February 25th.
In other news, SVP Michael R. Tyler sold 676 shares of Jacobs Engineering Group stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $74.67, for a total value of $50,476.92. Following the transaction, the senior vice president now directly owns 27,150 shares in the company, valued at $2,027,290.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Terence D. Hagen sold 7,000 shares of Jacobs Engineering Group stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $72.50, for a total value of $507,500.00. Following the completion of the transaction, the chief operating officer now owns 62,775 shares in the company, valued at $4,551,187.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,106 shares of company stock worth $1,783,892. Corporate insiders own 0.92% of the company’s stock.
JEC opened at $73.08 on Friday. The firm has a market cap of $10.19 billion, a P/E ratio of 16.35, a PEG ratio of 1.38 and a beta of 1.45. Jacobs Engineering Group has a 1 year low of $55.17 and a 1 year high of $82.24. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.46.
Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Wednesday, February 6th. The construction company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Jacobs Engineering Group had a return on equity of 10.57% and a net margin of 1.96%. The business’s revenue for the quarter was up 72.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share. As a group, analysts predict that Jacobs Engineering Group will post 5.28 earnings per share for the current year.
Jacobs Engineering Group declared that its board has authorized a stock buyback plan on Thursday, January 17th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 11.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, February 15th will be issued a dividend of $0.17 per share. This is a positive change from Jacobs Engineering Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, February 14th. Jacobs Engineering Group’s dividend payout ratio (DPR) is 15.21%.
About Jacobs Engineering Group
Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.
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