Brokerages Set Jacobs Engineering Group Inc. (NYSE:J) PT at $116.38


Share on StockTwits

Shares of Jacobs Engineering Group Inc. (NYSE:J) have been assigned an average rating of “Buy” from the sixteen analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $116.38.

Several research firms have commented on J. Barclays upped their price objective on shares of Jacobs Engineering Group from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, January 15th. Robert W. Baird cut Jacobs Engineering Group from an “outperform” rating to a “neutral” rating and set a $118.00 price target for the company. in a research note on Tuesday, January 5th. Benchmark lifted their price objective on Jacobs Engineering Group from $120.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, March 11th. Finally, Credit Suisse Group raised their price target on Jacobs Engineering Group from $131.00 to $134.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 10th.

Shares of J opened at $131.45 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a 50-day moving average of $121.67 and a 200-day moving average of $108.41. The company has a market cap of $17.10 billion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 1.76 and a beta of 0.90. Jacobs Engineering Group has a one year low of $69.17 and a one year high of $133.76.

Jacobs Engineering Group (NYSE:J) last released its quarterly earnings data on Monday, February 8th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.16. Jacobs Engineering Group had a return on equity of 12.43% and a net margin of 3.63%. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts expect that Jacobs Engineering Group will post 5.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, February 26th were given a $0.21 dividend. This is a boost from Jacobs Engineering Group’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Thursday, February 25th. Jacobs Engineering Group’s dividend payout ratio is 15.33%.

In related news, SVP Michael R. Tyler sold 4,125 shares of the firm’s stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $122.11, for a total transaction of $503,703.75. Following the completion of the transaction, the senior vice president now directly owns 26,879 shares of the company’s stock, valued at approximately $3,282,194.69. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new stake in shares of Jacobs Engineering Group in the 4th quarter valued at $25,000. Exchange Traded Concepts LLC acquired a new position in shares of Jacobs Engineering Group during the fourth quarter valued at about $36,000. O Shaughnessy Asset Management LLC boosted its position in shares of Jacobs Engineering Group by 68.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 416 shares of the company’s stock worth $39,000 after purchasing an additional 169 shares in the last quarter. Exane Derivatives grew its stake in shares of Jacobs Engineering Group by 61.5% in the 4th quarter. Exane Derivatives now owns 444 shares of the company’s stock valued at $48,000 after buying an additional 169 shares during the period. Finally, Simon Quick Advisors LLC bought a new stake in Jacobs Engineering Group in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 86.97% of the company’s stock.

Jacobs Engineering Group Company Profile

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.

See Also: What is Blockchain?

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.