Jacobs Engineering Group Inc (JEC) Stock Rating Reaffirmed by Robert W. Baird

Robert W. Baird reaffirmed their neutral rating on shares of Jacobs Engineering Group Inc (NYSE:JEC) in a research report released on Friday. They currently have a $64.00 price target on the construction company’s stock, up from their prior price target of $62.00.

Several other brokerages have also recently issued reports on JEC. Credit Suisse Group AG upped their target price on Jacobs Engineering Group to $71.00 in a report on Tuesday, January 31st. Zacks Investment Research upgraded Jacobs Engineering Group from a hold rating to a buy rating and set a $64.00 target price for the company in a report on Tuesday, January 24th. Jefferies Group LLC restated a hold rating and issued a $61.00 target price (down from $64.00) on shares of Jacobs Engineering Group in a report on Thursday, February 9th. Finally, DA Davidson restated a neutral rating on shares of Jacobs Engineering Group in a report on Thursday, February 9th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Jacobs Engineering Group currently has an average rating of Hold and an average target price of $61.11.

Jacobs Engineering Group (NYSE:JEC) opened at 51.71 on Friday. Jacobs Engineering Group has a 1-year low of $47.14 and a 1-year high of $63.42. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 30.06 and a beta of 1.66. The firm’s 50-day moving average is $54.33 and its 200 day moving average is $56.70.

Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Tuesday, May 9th. The construction company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.07. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Jacobs Engineering Group had a return on equity of 8.33% and a net margin of 2.10%. The firm’s quarterly revenue was down 17.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. Equities analysts anticipate that Jacobs Engineering Group will post $3.13 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, May 19th will be issued 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 of this dividend is Wednesday, May 17th.

Institutional investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. boosted its position in shares of Jacobs Engineering Group by 0.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,601 shares of the construction company’s stock worth $199,000 after buying an additional 25 shares during the period. Jaffetilchin Investment Partners LLC boosted its position in shares of Jacobs Engineering Group by 0.6% in the first quarter. Jaffetilchin Investment Partners LLC now owns 6,734 shares of the construction company’s stock worth $372,000 after buying an additional 38 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Jacobs Engineering Group by 0.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,712 shares of the construction company’s stock worth $260,000 after buying an additional 42 shares during the period. Keybank National Association OH boosted its position in shares of Jacobs Engineering Group by 1.2% in the fourth quarter. Keybank National Association OH now owns 5,939 shares of the construction company’s stock worth $339,000 after buying an additional 69 shares during the period. Finally, Wheatland Advisors Inc. boosted its position in shares of Jacobs Engineering Group by 1.2% in the first quarter. Wheatland Advisors Inc. now owns 6,276 shares of the construction company’s stock worth $347,000 after buying an additional 76 shares during the period. Institutional investors own 85.02% of the company’s stock.

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.

5 Day Chart for NYSE:JEC

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