Jacobs Engineering Group Inc (JEC) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Jacobs Engineering Group Inc (NYSE:JEC) have earned a consensus recommendation of “Buy” from the eighteen brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $79.85.

A number of equities research analysts have commented on the company. MKM Partners raised their target price on Jacobs Engineering Group to $84.00 and gave the company a “buy” rating in a report on Thursday, September 6th. Bank of America raised their target price on Jacobs Engineering Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Credit Suisse Group raised their target price on Jacobs Engineering Group from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, August 7th. UBS Group raised their target price on Jacobs Engineering Group from $83.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Finally, KeyCorp raised their target price on Jacobs Engineering Group from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 7th.

Shares of NYSE JEC traded up $0.55 during mid-day trading on Friday, hitting $75.78. 861,870 shares of the company were exchanged, compared to its average volume of 811,022. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.45 and a quick ratio of 1.45. Jacobs Engineering Group has a 1-year low of $55.21 and a 1-year high of $76.12. The company has a market cap of $10.65 billion, a PE ratio of 23.39, a P/E/G ratio of 1.31 and a beta of 1.55.

Jacobs Engineering Group (NYSE:JEC) last released its earnings results on Monday, August 6th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.14. Jacobs Engineering Group had a return on equity of 9.83% and a net margin of 2.19%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4 billion. During the same quarter last year, the company earned $0.79 earnings per share. Jacobs Engineering Group’s quarterly revenue was up 65.3% compared to the same quarter last year. analysts anticipate that Jacobs Engineering Group will post 4.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Stockholders of record on Friday, September 28th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, September 27th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 18.52%.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Jacobs Engineering Group by 2.0% during the 1st quarter. BlackRock Inc. now owns 8,305,434 shares of the construction company’s stock worth $491,265,000 after purchasing an additional 166,176 shares in the last quarter. Wells Fargo & Company MN increased its position in Jacobs Engineering Group by 2.9% during the 2nd quarter. Wells Fargo & Company MN now owns 4,918,774 shares of the construction company’s stock worth $312,292,000 after purchasing an additional 139,022 shares in the last quarter. Artisan Partners Limited Partnership increased its position in Jacobs Engineering Group by 21.1% during the 1st quarter. Artisan Partners Limited Partnership now owns 2,794,789 shares of the construction company’s stock worth $165,312,000 after purchasing an additional 487,099 shares in the last quarter. Select Equity Group L.P. increased its position in Jacobs Engineering Group by 144.4% during the 1st quarter. Select Equity Group L.P. now owns 1,520,317 shares of the construction company’s stock worth $89,927,000 after purchasing an additional 898,140 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its position in Jacobs Engineering Group by 66.5% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,518,212 shares of the construction company’s stock worth $89,803,000 after purchasing an additional 606,335 shares in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

See Also: Earnings Per Share (EPS) Explained

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

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