Brokerages Set Jacobs Engineering Group Inc. (NYSE:J) Price Target at $139.25

Shares of Jacobs Engineering Group Inc. (NYSE:J) have been assigned an average rating of “Buy” from the thirteen research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $147.54.

Several equities analysts recently weighed in on J shares. Robert W. Baird raised their price target on shares of Jacobs Engineering Group from $145.00 to $161.00 and gave the company a “neutral” rating in a research report on Wednesday. Credit Suisse Group raised their price target on shares of Jacobs Engineering Group from $156.00 to $162.00 and gave the company an “outperform” rating in a research report on Wednesday. Raymond James started coverage on shares of Jacobs Engineering Group in a research report on Thursday, November 18th. They issued an “outperform” rating and a $170.00 price target on the stock. Finally, Citigroup raised their price target on shares of Jacobs Engineering Group from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday.

In other Jacobs Engineering Group news, CFO Kevin C. Berryman sold 73,685 shares of the business’s stock in a transaction dated Wednesday, November 17th. The shares were sold at an average price of $145.74, for a total value of $10,738,851.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Steven J. Demetriou sold 98,739 shares of the business’s stock in a transaction dated Wednesday, November 17th. The shares were sold at an average price of $145.76, for a total transaction of $14,392,196.64. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. McCarthy Asset Management Inc. purchased a new stake in shares of Jacobs Engineering Group during the second quarter worth $26,000. Cypress Point Wealth Management LLC purchased a new stake in shares of Jacobs Engineering Group during the second quarter worth $27,000. Princeton Global Asset Management LLC purchased a new stake in shares of Jacobs Engineering Group in the second quarter valued at about $27,000. Trustcore Financial Services LLC grew its holdings in shares of Jacobs Engineering Group by 310.0% in the third quarter. Trustcore Financial Services LLC now owns 205 shares of the company’s stock valued at $27,000 after purchasing an additional 155 shares during the period. Finally, Oakworth Capital Inc. purchased a new stake in shares of Jacobs Engineering Group in the third quarter valued at about $30,000. Institutional investors own 85.31% of the company’s stock.

Shares of J stock traded up $4.45 on Thursday, reaching $148.45. 931,961 shares of the company were exchanged, compared to its average volume of 590,293. The company has a market cap of $19.35 billion, a price-to-earnings ratio of 42.54, a PEG ratio of 1.57 and a beta of 0.85. The company has a 50-day moving average of $138.14 and a 200-day moving average of $136.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.46 and a quick ratio of 1.46. Jacobs Engineering Group has a one year low of $100.05 and a one year high of $149.55.

Jacobs Engineering Group (NYSE:J) last released its quarterly earnings data on Tuesday, November 23rd. The company reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.01. The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Jacobs Engineering Group had a net margin of 3.68% and a return on equity of 13.75%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 EPS. As a group, sell-side analysts predict that Jacobs Engineering Group will post 6.24 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 29th. Investors of record on Friday, October 15th were paid a $0.21 dividend. The ex-dividend date was Thursday, October 14th. This represents a $0.84 dividend on an annualized basis and a yield of 0.57%. Jacobs Engineering Group’s dividend payout ratio is 24.07%.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group, Inc engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. The firm operates through Critical Mission Solutions, and People and Places Solutions segments. The company was founded by Joseph J.

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Analyst Recommendations for Jacobs Engineering Group (NYSE:J)

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