Jacobs Engineering Group (JEC) Given a $85.00 Price Target by Barclays Analysts

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Barclays set a $85.00 price target on Jacobs Engineering Group (NYSE:JEC) in a research note published on Tuesday. The brokerage currently has a buy rating on the construction company’s stock.

Several other research firms have also recently weighed in on JEC. Citigroup raised Jacobs Engineering Group from a neutral rating to a buy rating and set a $95.00 price objective for the company in a research report on Monday, October 22nd. Robert W. Baird increased their price target on Jacobs Engineering Group from $82.00 to $84.00 and gave the company a buy rating in a research report on Tuesday, October 23rd. Zacks Investment Research raised Jacobs Engineering Group from a hold rating to a strong-buy rating and set a $87.00 price target for the company in a research report on Wednesday, October 24th. Cowen set a $82.00 price target on Jacobs Engineering Group and gave the company a buy rating in a research report on Wednesday. Finally, Seaport Global Securities began coverage on Jacobs Engineering Group in a research report on Thursday, November 15th. They set a buy rating and a $91.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $81.45.

Shares of JEC stock traded up $2.55 on Tuesday, hitting $73.80. 4,488,134 shares of the stock were exchanged, compared to its average volume of 1,485,198. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $9.59 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.36 and a beta of 1.38. Jacobs Engineering Group has a fifty-two week low of $55.17 and a fifty-two week high of $82.24.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Wednesday, February 6th. The construction company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.09. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Jacobs Engineering Group had a return on equity of 10.57% and a net margin of 1.96%. Jacobs Engineering Group’s revenue for the quarter was up 72.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. Equities analysts expect that Jacobs Engineering Group will post 5.26 EPS for the current year.

Jacobs Engineering Group declared that its Board of Directors has approved a stock repurchase plan on Thursday, January 17th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to purchase up to 11.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, February 15th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, February 14th. This is a boost from Jacobs Engineering Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.92%. Jacobs Engineering Group’s dividend payout ratio is 15.21%.

In other news, SVP Michael R. Tyler sold 765 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $65.07, for a total value of $49,778.55. Following the completion of the sale, the senior vice president now directly owns 27,826 shares of the company’s stock, valued at $1,810,637.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael R. Tyler sold 873 shares of the firm’s stock in a transaction that occurred on Friday, January 4th. The shares were sold at an average price of $58.37, for a total value of $50,957.01. Following the completion of the sale, the senior vice president now directly owns 28,935 shares of the company’s stock, valued at $1,688,935.95. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Securian Asset Management Inc lifted its position in shares of Jacobs Engineering Group by 1.5% in the fourth quarter. Securian Asset Management Inc now owns 12,022 shares of the construction company’s stock valued at $703,000 after buying an additional 177 shares during the last quarter. Suntrust Banks Inc. lifted its position in shares of Jacobs Engineering Group by 4.6% in the fourth quarter. Suntrust Banks Inc. now owns 4,616 shares of the construction company’s stock valued at $270,000 after buying an additional 203 shares during the last quarter. CSat Investment Advisory L.P. lifted its position in shares of Jacobs Engineering Group by 86.9% in the fourth quarter. CSat Investment Advisory L.P. now owns 600 shares of the construction company’s stock valued at $35,000 after buying an additional 279 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Jacobs Engineering Group by 1.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 20,457 shares of the construction company’s stock valued at $1,196,000 after buying an additional 300 shares during the last quarter. Finally, ETF Managers Group LLC lifted its position in shares of Jacobs Engineering Group by 18.1% in the fourth quarter. ETF Managers Group LLC now owns 2,249 shares of the construction company’s stock valued at $131,000 after buying an additional 345 shares during the last quarter. 87.42% of the stock is owned by institutional investors.

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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