Credit Suisse Group Lowers Jacobs Engineering Group (NYSE:J) Price Target to $154.00

Jacobs Engineering Group (NYSE:JGet Rating) had its price objective cut by Credit Suisse Group from $159.00 to $154.00 in a report published on Tuesday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also commented on the stock. Citigroup lowered their price target on shares of Jacobs Engineering Group from $155.00 to $151.00 and set a buy rating for the company in a report on Tuesday. Royal Bank of Canada decreased their price objective on shares of Jacobs Engineering Group from $160.00 to $155.00 and set an outperform rating for the company in a report on Thursday. Finally, StockNews.com upgraded shares of Jacobs Engineering Group from a hold rating to a buy rating in a report on Friday, May 6th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $158.57.

Jacobs Engineering Group Price Performance

Shares of Jacobs Engineering Group stock opened at $127.50 on Tuesday. Jacobs Engineering Group has a 52-week low of $114.11 and a 52-week high of $150.32. The stock has a market capitalization of $16.27 billion, a price-to-earnings ratio of 35.81, a price-to-earnings-growth ratio of 1.55 and a beta of 0.83. The company has a fifty day moving average of $128.38 and a 200-day moving average of $131.47. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.25 and a current ratio of 1.43.

Jacobs Engineering Group (NYSE:JGet Rating) last announced its quarterly earnings data on Monday, August 1st. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.06. Jacobs Engineering Group had a net margin of 3.16% and a return on equity of 14.45%. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the prior year, the company earned $1.64 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. Equities research analysts expect that Jacobs Engineering Group will post 6.94 EPS for the current year.

Jacobs Engineering Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, July 29th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Thursday, July 28th. Jacobs Engineering Group’s payout ratio is 25.84%.

Institutional Investors Weigh In On Jacobs Engineering Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its position in shares of Jacobs Engineering Group by 1,162.8% during the first quarter. Mackenzie Financial Corp now owns 866,765 shares of the company’s stock valued at $119,449,000 after buying an additional 798,125 shares during the last quarter. Select Equity Group L.P. raised its position in shares of Jacobs Engineering Group by 12.4% during the first quarter. Select Equity Group L.P. now owns 5,814,904 shares of the company’s stock valued at $801,352,000 after buying an additional 641,965 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of Jacobs Engineering Group by 3,853.6% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 658,517 shares of the company’s stock valued at $71,754,000 after buying an additional 641,861 shares during the last quarter. Findlay Park Partners LLP raised its position in shares of Jacobs Engineering Group by 31.8% during the first quarter. Findlay Park Partners LLP now owns 2,439,437 shares of the company’s stock valued at $336,179,000 after buying an additional 589,091 shares during the last quarter. Finally, Iat Reinsurance Co. LTD. bought a new stake in shares of Jacobs Engineering Group during the first quarter valued at approximately $58,590,000. Institutional investors own 85.23% of the company’s stock.

Jacobs Engineering Group Company Profile

(Get Rating)

Jacobs Engineering Group Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates in two segments, Critical Mission Solutions and People & Places Solutions.

Further Reading

Analyst Recommendations for Jacobs Engineering Group (NYSE:J)

Receive News & Ratings for Jacobs Engineering Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group and related companies with MarketBeat.com's FREE daily email newsletter.