Today’s Rating Alert: New York: Jacobs Engineering Group Inc (NYSE:JEC)’s Stock Had Its Outperform Rating Restated at Credit Suisse in Report Issued Today. Has $66.00 Target

November 23, 2016 - By Ellis Scott

Today's Rating Alert: New York: Jacobs Engineering Group Inc (NYSE:JEC)'s Stock Had Its Outperform Rating Restated at Credit Suisse in Report Issued Today. Has $66.00 Target

Jacobs Engineering Group Inc (NYSE:JEC) Rating

Expert analysts at Credit Suisse have $66.00 target price on Jacobs Engineering Group Inc (NYSE:JEC). Credit Suisse’s target price would suggest a potential upside of 7.88% from the company’s close price. The rating was revealed to investors in analysts report on Wednesday, 23 November.

Jacobs Engineering Group Inc (NYSE:JEC) Ratings Coverage

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. As per Wednesday, August 10, the company rating was downgraded by UBS. The stock of Jacobs Engineering Group Inc (NYSE:JEC) earned “Neutral” rating by M Partners on Wednesday, June 29. The stock of Jacobs Engineering Group Inc (NYSE:JEC) has “Hold” rating given on Thursday, April 28 by Argus Research. FBR Capital maintained it with “Mkt Perform” rating and $55 target price in Friday, August 12 report. The stock of Jacobs Engineering Group Inc (NYSE:JEC) earned “Buy” rating by Standpoint Research on Tuesday, September 1. The stock of Jacobs Engineering Group Inc (NYSE:JEC) earned “Hold” rating by Standpoint Research on Thursday, April 14. The firm has “Hold” rating by Deutsche Bank given on Wednesday, August 10. Cowen & Co upgraded the stock to “Outperform” rating in Wednesday, August 5 report. The firm has “Buy” rating by Citigroup given on Friday, November 13. The firm has “Buy” rating given on Tuesday, July 26 by Citigroup.

About 968,253 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 earnings per share, down 3.75% or $0.03 from last year’s $0.8 per share. JEC’s profit will be $95.64M for 19.87 P/E if the $0.77 EPS becomes a reality. After $0.78 actual earnings per share 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 Q2 2016. 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.

Creative Planning accumulated 6,241 shares or 0% of the stock. Dreman Value L L C has 8,163 shares for 0.25% of their US portfolio. Tiaa Cref Invest Ltd Co owns 544,991 shares or 0.02% of their US portfolio. Moreover, Nationwide Fund Advsrs has 0.01% invested in Jacobs Engineering Group Inc (NYSE:JEC) for 51,584 shares. Shufro Rose & Ltd Limited Liability Company owns 204,390 shares or 1.13% of their US portfolio. Moreover, Stifel Fincl has 0% invested in Jacobs Engineering Group Inc (NYSE:JEC) for 8,267 shares. Citadel Advsr Limited Company holds 0% of its portfolio in Jacobs Engineering Group Inc (NYSE:JEC) for 9,124 shares. Mizuho Tru & Bk Limited has invested 0.03% of its portfolio in Jacobs Engineering Group Inc (NYSE:JEC). Moreover, Alliancebernstein Limited Partnership has 0.03% invested in Jacobs Engineering Group Inc (NYSE:JEC) for 741,457 shares. Bridgewater Associates L P has invested 0.01% of its portfolio in Jacobs Engineering Group Inc (NYSE:JEC). Credit Agricole S A, a France-based fund reported 81,447 shares. Moreover, Asset Strategies Incorporated has 0.12% invested in Jacobs Engineering Group Inc (NYSE:JEC) for 6,595 shares. Mutual Of America Cap Management Llc has 0.02% invested in the company for 14,494 shares. Carroll Associate accumulated 400 shares or 0% of the stock. Price T Rowe Assoc Md has 225,803 shares for 0% of their US portfolio.

Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 3 selling transactions for $7.75 million net activity. 18,639 shares were sold by HAGEN TERENCE D, worth $1.02M. $3.29 million worth of shares were sold by WATSON NOEL G on Friday, July 1.

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.”

JEC Company Profile

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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