MKM Partners set a $57.00 target price on Jacobs Engineering Group Inc. (NYSE:JEC) in a research report sent to investors on Thursday. The brokerage currently has a hold rating on the stock.

Other equities research analysts have also issued reports about the company. Johnson Rice lowered Jacobs Engineering Group from an accumulate rating to a hold rating in a research report on Thursday, August 11th. Credit Suisse Group AG increased their price target on Jacobs Engineering Group from $60.00 to $66.00 and gave the stock an outperform rating in a research report on Wednesday, November 23rd. FBR & Co increased their price objective on Jacobs Engineering Group from $47.00 to $55.00 and gave the company a mkt perform rating in a research report on Friday, August 12th. TheStreet lowered Jacobs Engineering Group from a buy rating to a hold rating in a research report on Monday, October 17th. Finally, DA Davidson increased their price objective on Jacobs Engineering Group from $63.00 to $65.00 and gave the company a buy rating in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $51.41.

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

Shares of Jacobs Engineering Group (NYSE:JEC) opened at 61.72 on Thursday. The firm’s 50-day moving average price is $53.57 and its 200 day moving average price is $52.22. The company has a market cap of $7.45 billion, a P/E ratio of 35.68 and a beta of 1.61. Jacobs Engineering Group has a 52 week low of $34.76 and a 52 week high of $62.62.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.77 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.77. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.78 billion. Jacobs Engineering Group had a return on equity of 8.48% and a net margin of 1.92%. Jacobs Engineering Group’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 EPS. On average, equities analysts predict that Jacobs Engineering Group will post $3.20 EPS for the current fiscal year.

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In related news, Director Noel G. Watson sold 66,668 shares of the firm’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $51.71, for a total transaction of $3,447,402.28. Following the sale, the director now owns 736,669 shares of the company’s stock, valued at approximately $38,093,153.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.16% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. Integrated Investment Consultants LLC increased its stake in shares of Jacobs Engineering Group by 2.1% in the second quarter. Integrated Investment Consultants LLC now owns 2,048 shares of the company’s stock valued at $102,000 after buying an additional 42 shares during the last quarter. Acrospire Investment Management LLC increased its stake in shares of Jacobs Engineering Group by 340.0% in the second quarter. Acrospire Investment Management LLC now owns 2,200 shares of the company’s stock valued at $110,000 after buying an additional 1,700 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Jacobs Engineering Group by 33.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,366 shares of the company’s stock valued at $117,000 after buying an additional 594 shares during the last quarter. Baldwin Brothers Inc. MA acquired a new stake in shares of Jacobs Engineering Group during the third quarter valued at approximately $129,000. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Jacobs Engineering Group by 40.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,800 shares of the company’s stock valued at $145,000 after buying an additional 800 shares during the last quarter. 86.63% of the stock is currently owned by institutional investors and hedge funds.

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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