Goldman Sachs Upgrades Jacobs Engineering Group (JEC) to “Buy”

Goldman Sachs upgraded shares of Jacobs Engineering Group (NYSE:JEC) from a neutral rating to a buy rating in a research report released on Tuesday.

Several other equities research analysts have also recently weighed in on the stock. Credit Suisse Group reiterated an outperform rating and set a $82.00 price objective on shares of Jacobs Engineering Group in a research report on Thursday, January 18th. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a hold rating to a buy rating and set a $76.00 price objective for the company in a research report on Monday, January 8th. Barclays increased their target price on shares of Jacobs Engineering Group from $75.00 to $78.00 and gave the stock a buy rating in a research note on Wednesday, January 24th. ValuEngine raised shares of Jacobs Engineering Group from a hold rating to a buy rating in a research note on Sunday, December 31st. Finally, Citigroup increased their target price on shares of Jacobs Engineering Group from $70.00 to $78.00 and gave the stock a neutral rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $74.62.

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JEC opened at $58.01 on Tuesday. Jacobs Engineering Group has a twelve month low of $49.31 and a twelve month high of $72.18. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. The firm has a market cap of $8,481.87, a PE ratio of 18.03, a PEG ratio of 1.12 and a beta of 1.47.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.10. Jacobs Engineering Group had a net margin of 2.30% and a return on equity of 8.59%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the company posted $0.68 earnings per share. Jacobs Engineering Group’s revenue for the quarter was up 7.8% compared to the same quarter last year. research analysts anticipate that Jacobs Engineering Group will post 4.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 16th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Thursday, February 15th. Jacobs Engineering Group’s dividend payout ratio is presently 18.52%.

Several institutional investors have recently added to or reduced their stakes in JEC. Cerebellum GP LLC bought a new position in shares of Jacobs Engineering Group in the fourth quarter valued at $127,000. Tower Research Capital LLC TRC bought a new position in shares of Jacobs Engineering Group in the fourth quarter valued at $131,000. Virtu Financial LLC bought a new position in shares of Jacobs Engineering Group in the fourth quarter valued at $200,000. Cadence Capital Management LLC bought a new position in shares of Jacobs Engineering Group in the fourth quarter valued at $215,000. Finally, Pinnacle Associates Ltd. bought a new position in shares of Jacobs Engineering Group in the fourth quarter valued at $217,000. 82.25% of the stock is currently owned by hedge funds and other institutional investors.

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About Jacobs Engineering Group

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)

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