Jacobs Engineering Group Inc. (JEC) Given a $64.00 Price Target by Citigroup Inc. Analysts

Citigroup Inc. set a $64.00 target price on Jacobs Engineering Group Inc. (NYSE:JEC) in a research report sent to investors on Friday. The firm currently has a hold rating on the construction company’s stock.

JEC has been the topic of a number of other reports. Robert W. Baird reaffirmed a hold rating and issued a $63.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, October 6th. BidaskClub raised shares of Jacobs Engineering Group from a strong sell rating to a sell rating in a research note on Friday, August 25th. Zacks Investment Research raised shares of Jacobs Engineering Group from a hold rating to a strong-buy rating and set a $67.00 price objective on the stock in a research note on Tuesday, October 17th. KeyCorp reaffirmed a buy rating and issued a $60.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, August 25th. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $61.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $62.56.

Shares of Jacobs Engineering Group (NYSE:JEC) opened at 58.46 on Friday. The firm has a 50-day moving average price of $57.92 and a 200-day moving average price of $54.58. Jacobs Engineering Group has a 52-week low of $49.16 and a 52-week high of $63.42. The firm has a market capitalization of $7.03 billion, a P/E ratio of 31.10 and a beta of 1.53.

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

TRADEMARK VIOLATION NOTICE: “Jacobs Engineering Group Inc. (JEC) Given a $64.00 Price Target by Citigroup Inc. Analysts” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at https://www.com-unik.info/2017/10/31/jacobs-engineering-group-inc-jec-given-a-64-00-price-target-by-citigroup-inc-analysts.html.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 13th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.03%. Jacobs Engineering Group’s dividend payout ratio is 31.75%.

Several hedge funds and other institutional investors have recently made changes to their positions in JEC. OppenheimerFunds Inc. boosted its position in shares of Jacobs Engineering Group by 9.9% during the first quarter. OppenheimerFunds Inc. now owns 24,173 shares of the construction company’s stock worth $1,336,000 after purchasing an additional 2,176 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Jacobs Engineering Group by 204.2% during the first quarter. Global X Management Co. LLC now owns 2,032 shares of the construction company’s stock worth $112,000 after purchasing an additional 1,364 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Jacobs Engineering Group by 0.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,712 shares of the construction company’s stock worth $260,000 after purchasing an additional 42 shares in the last quarter. BlackRock Inc. boosted its position in shares of Jacobs Engineering Group by 2,990.4% during the first quarter. BlackRock Inc. now owns 7,894,069 shares of the construction company’s stock worth $436,383,000 after purchasing an additional 7,638,632 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Jacobs Engineering Group during the first quarter worth $570,000. 85.82% of the stock is currently owned by institutional investors.

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)

What are top analysts saying about Jacobs Engineering Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Jacobs Engineering Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit