Jacobs Engineering Group (NYSE:JEC) Coverage Initiated at Stifel Nicolaus

Stifel Nicolaus started coverage on shares of Jacobs Engineering Group (NYSE:JEC) in a research note issued on Thursday. The brokerage set a “buy” rating and a $110.00 price target on the construction company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 24.87% from the company’s previous close.

JEC has been the subject of several other reports. Zacks Investment Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Friday, August 16th. Credit Suisse Group increased their price target on Jacobs Engineering Group from $100.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. ValuEngine downgraded Jacobs Engineering Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. DA Davidson increased their price target on Jacobs Engineering Group from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. They noted that the move was a valuation call. Finally, KeyCorp increased their price target on Jacobs Engineering Group from $90.00 to $103.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating and thirteen have given a buy rating to the stock. Jacobs Engineering Group presently has an average rating of “Buy” and a consensus price target of $92.59.

Shares of JEC stock traded up $0.96 during trading hours on Thursday, hitting $88.09. The stock had a trading volume of 1,724,103 shares, compared to its average volume of 1,245,781. The firm has a market capitalization of $11.74 billion, a PE ratio of 17.44, a PEG ratio of 1.31 and a beta of 1.35. Jacobs Engineering Group has a twelve month low of $55.17 and a twelve month high of $98.08. The stock’s 50 day moving average is $92.54 and its 200 day moving average is $87.12. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 1.34.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings results on Monday, November 25th. The construction company reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.16. Jacobs Engineering Group had a return on equity of 11.42% and a net margin of 6.66%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same period last year, the company earned $1.31 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, equities analysts predict that Jacobs Engineering Group will post 5.73 earnings per share for the current year.

In other Jacobs Engineering Group news, SVP Michael R. Tyler sold 3,564 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $94.86, for a total value of $338,081.04. Following the completion of the transaction, the senior vice president now owns 21,852 shares in the company, valued at $2,072,880.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. HWG Holdings LP purchased a new position in Jacobs Engineering Group in the third quarter worth $34,000. Johnson Financial Group Inc. purchased a new position in Jacobs Engineering Group in the second quarter worth $34,000. Signaturefd LLC raised its position in Jacobs Engineering Group by 68.2% in the third quarter. Signaturefd LLC now owns 439 shares of the construction company’s stock worth $40,000 after acquiring an additional 178 shares in the last quarter. Parallel Advisors LLC raised its position in Jacobs Engineering Group by 62.8% in the third quarter. Parallel Advisors LLC now owns 508 shares of the construction company’s stock worth $46,000 after acquiring an additional 196 shares in the last quarter. Finally, Quest Capital Management Inc. ADV purchased a new position in Jacobs Engineering Group in the third quarter worth $49,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Jacobs Engineering Group Company Profile

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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Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

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