November 23, 2016 - By Vivian Park
Deutsche Bank currently has a $60.00 price target on the $7.60 billion market cap company or -1.93% downside potential. In a note revealed to clients on Wednesday, 23 November, Jacobs Engineering Group Inc (NYSE:JEC) stock had its Hold Rating maintained by investment analysts at Deutsche Bank.
Out of 12 analysts covering Jacobs Engineering Group Inc. (NYSE:JEC), 4 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 33% are positive. $56 is the highest target while $41 is the lowest. The $49 average target is -19.91% below today’s ($61.18) stock price. Jacobs Engineering Group Inc. has been the topic of 22 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by FBR Capital with “Mkt Perform” on Friday, August 12. The firm has “Hold” rating given on Thursday, August 11 by Johnson Rice. The firm has “Hold” rating by Standpoint Research given on Thursday, April 14. The firm has “Buy” rating by Citigroup given on Friday, November 13. On Monday, May 9 the stock rating was upgraded by Johnson Rice to “Accumulate”. The stock of Jacobs Engineering Group Inc (NYSE:JEC) has “Outperform” rating given on Wednesday, August 5 by Cowen & Co. The rating was downgraded by DA Davidson on Wednesday, November 16 to “Neutral”. The stock has “Buy” rating given by Standpoint Research on Tuesday, September 1. UBS downgraded it to “Neutral” rating and $56 target price in Wednesday, August 10 report. The rating was initiated by M Partners on Wednesday, June 29 with “Neutral”.
About 969,554 shares traded hands. Jacobs Engineering Group Inc (NYSE:JEC) has risen 36.75% since April 21, 2016 and is uptrending. It has outperformed by 31.42% the S&P500.
Analysts await Jacobs Engineering Group Inc (NYSE:JEC) to report earnings on November, 28. They expect $0.77 EPS, down 3.75% or $0.03 from last year’s $0.8 per share. JEC’s profit will be $95.65 million for 19.86 P/E if the $0.77 EPS becomes a reality. After $0.78 actual EPS reported by Jacobs Engineering Group Inc for the previous quarter, Wall Street now forecasts -1.28% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.86 in 2016 Q2. Its down 0.27, from 1.13 in 2016Q1. The ratio turned negative, as 37 funds sold all Jacobs Engineering Group Inc shares owned while 136 reduced positions. 67 funds bought stakes while 128 increased positions. They now own 102.39 million shares or 6.20% less from 109.16 million shares in 2016Q1.
Pacad Investment holds 0.09% or 12,507 shares in its portfolio. Ontario Teachers Pension Plan Board, a Ontario – Canada-based fund reported 63,022 shares. Moreover, Peak Asset Mgmt Limited Co has 0.22% invested in Jacobs Engineering Group Inc (NYSE:JEC) for 10,000 shares. Dekabank Deutsche Girozentrale, a Germany-based fund reported 58,304 shares. Weatherly Asset L P holds 10,200 shares or 0.3% of its portfolio. Employees Retirement Of Texas reported 101,900 shares or 0.07% of all its holdings. Roberts Glore & Communication Il holds 0.17% of its portfolio in Jacobs Engineering Group Inc (NYSE:JEC) for 4,460 shares. River And Mercantile Asset Llp holds 1,900 shares or 0.04% of its portfolio. Public Employees Retirement Association Of Colorado holds 0.01% or 26,608 shares in its portfolio. Castleark Mgmt Limited Liability owns 58,310 shares or 0.09% of their US portfolio. New Mexico Educational Retirement Board accumulated 13,937 shares or 0.03% of the stock. Etrade Capital Limited Liability last reported 0.03% of its portfolio in the stock. Cibc Asset Mngmt Inc holds 0% or 12,999 shares in its portfolio. Greenwood Gearhart last reported 1.25% of its portfolio in the stock. Wfg Advisors Limited Partnership has 14 shares for 0% of their US portfolio.
Insider Transactions: Since July 1, 2016, the stock had 0 insider buys, and 3 sales for $7.75 million net activity. Another trade for 66,666 shares valued at $3.29 million was made by WATSON NOEL G on Friday, July 1. HAGEN TERENCE D sold 18,639 shares worth $1.02M.
Jacobs Engineering Group Inc. is a technical professional services company. The company has a market cap of $7.60 billion. The Firm provides a range of technical, professional and construction services to industrial, commercial and governmental clients. It has a 35.3 P/E ratio. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.
According to Zacks Investment Research, “Jacobs Engineering Group Inc. is one of the largest professional service firms in the United States providing engineering, design and consulting services; construction and construction management services; and process plant maintenance services to a broad range of industrial, commercial and governmental clients. The Company provides its services through offices and subsidiaries located throughout the United States, the United Kingdom and Ireland, as well as through affiliated entities located throughout Europe and India.”
Jacobs Engineering Group Inc., incorporated on January 8, 1987, is a technical professional services company. The Firm 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. The Firm operates four lines of business (LOBs): Petroleum and Chemicals; Buildings and Infrastructure; Aerospace and Technology, and Industrial. It caters its services to various sectors, such as gas and oil exploration, production and refining; chemicals and polymers; programs for various national governments, including aerospace, defense, and environmental programs; buildings (including specialized buildings for clients operating in the fields of healthcare, education, and high technology; governmental complexes; other specialized civic and mission critical buildings, installations, and laboratories; and retail and commercial buildings); infrastructure and telecommunications; mining and minerals; pharmaceuticals and biotechnology; power; pulp and paper; technology and manufacturing, and food and consumer products.
More important recent Jacobs Engineering Group Inc (NYSE:JEC) news were published by: Forbes.com which released: “Jacobs Engineering Group Stock Sees Short Interest Increase 18.4%” on November 10, 2016, also Fool.com published article titled: “Why Jacobs Engineering Group Scored an 11% Win Today”, Nasdaq.com published: “Jacobs Engineering Group Reaches Analyst Target Price” on November 11, 2016. More interesting news about Jacobs Engineering Group Inc (NYSE:JEC) was released by: Streetinsider.com and their article: “Saudi Aramco Extends GES Contract with Jacobs Engineering (JEC)” with publication date: November 23, 2016.
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By Vivian Park