Jacobs Engineering Group Inc (NYSE:JEC) has been given an average recommendation of “Buy” by the thirteen brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $88.89.
A number of research analysts recently issued reports on JEC shares. KeyCorp lifted their price target on shares of Jacobs Engineering Group from $90.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. DA Davidson boosted their price target on shares of Jacobs Engineering Group to $95.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. ValuEngine downgraded shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America restated a “buy” rating and issued a $98.00 price objective on shares of Jacobs Engineering Group in a report on Thursday, August 22nd. Finally, Cowen reaffirmed a “buy” rating and set a $92.00 price objective on shares of Jacobs Engineering Group in a research report on Tuesday, August 20th.
Shares of JEC stock traded down $0.25 during trading hours on Friday, reaching $94.26. 788,272 shares of the stock were exchanged, compared to its average volume of 1,057,186. The business’s fifty day moving average is $93.08 and its two-hundred day moving average is $85.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.36 and a quick ratio of 1.36. Jacobs Engineering Group has a 12-month low of $55.17 and a 12-month high of $98.08. The firm has a market capitalization of $12.78 billion, a P/E ratio of 21.09, a P/E/G ratio of 1.54 and a beta of 1.36.
In other news, SVP Michael R. Tyler sold 3,564 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $94.86, for a total transaction of $338,081.04. Following the completion of the sale, the senior vice president now owns 21,852 shares in the company, valued at approximately $2,072,880.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.92% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI acquired a new position in Jacobs Engineering Group in the second quarter valued at $25,000. Hanson & Doremus Investment Management purchased a new stake in shares of Jacobs Engineering Group in the 2nd quarter valued at about $26,000. Johnson Financial Group Inc. acquired a new stake in shares of Jacobs Engineering Group in the 2nd quarter valued at about $34,000. Signaturefd LLC boosted its position in shares of Jacobs Engineering Group by 68.2% in the 3rd quarter. Signaturefd LLC now owns 439 shares of the construction company’s stock valued at $40,000 after purchasing an additional 178 shares during the period. Finally, Parallel Advisors LLC grew its stake in Jacobs Engineering Group by 62.8% during the 3rd quarter. Parallel Advisors LLC now owns 508 shares of the construction company’s stock worth $46,000 after buying an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.
About Jacobs Engineering Group
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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