BidaskClub Downgrades Jacobs Engineering Group Inc. (JEC) to Sell

Jacobs Engineering Group Inc. (NYSE:JEC) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Monday.

A number of other equities analysts also recently issued reports on the company. Credit Suisse Group reiterated a “buy” rating and set a $69.00 price target on shares of Jacobs Engineering Group in a research note on Friday, April 21st. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Tuesday, April 11th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $64.00 price target (up previously from $62.00) on shares of Jacobs Engineering Group in a research note on Friday, May 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Jacobs Engineering Group presently has a consensus rating of “Hold” and an average target price of $60.60.

Jacobs Engineering Group (JEC) opened at 52.99 on Monday. The firm has a market capitalization of $6.38 billion, a PE ratio of 30.81 and a beta of 1.53. Jacobs Engineering Group has a 12 month low of $49.15 and a 12 month high of $63.42. The company’s 50-day moving average price is $53.72 and its 200 day moving average price is $55.22.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.07. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.63 billion. Jacobs Engineering Group had a return on equity of 8.56% and a net margin of 2.05%. The company’s quarterly revenue was down 17.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. On average, equities research analysts predict that Jacobs Engineering Group will post $3.13 earnings per share for the current year.

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Institutional investors have recently made changes to their positions in the company. Fox Run Management L.L.C. acquired a new position in shares of Jacobs Engineering Group during the first quarter worth $293,000. Alpha Windward LLC increased its position in shares of Jacobs Engineering Group by 4.2% in the first quarter. Alpha Windward LLC now owns 8,974 shares of the construction company’s stock worth $496,000 after buying an additional 360 shares during the last quarter. Gulf International Bank UK Ltd increased its position in shares of Jacobs Engineering Group by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 38,501 shares of the construction company’s stock worth $2,128,000 after buying an additional 400 shares during the last quarter. Forte Capital LLC ADV increased its position in shares of Jacobs Engineering Group by 9.1% in the first quarter. Forte Capital LLC ADV now owns 34,158 shares of the construction company’s stock worth $1,888,000 after buying an additional 2,845 shares during the last quarter. Finally, Creative Planning increased its position in shares of Jacobs Engineering Group by 96.2% in the first quarter. Creative Planning now owns 17,888 shares of the construction company’s stock worth $989,000 after buying an additional 8,769 shares during the last quarter. Hedge funds and other institutional investors own 86.91% of the company’s stock.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc is a technical professional services company. The Company 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.

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

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