News headlines about Jacobs Engineering Group (NYSE:JEC) have trended somewhat positive on Wednesday, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Jacobs Engineering Group earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 46.5775907168496 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- Jacobs Engineering Group Inc.: BP Awards Jacobs Phase 2 of the Khazzan Tight Gas Project in the Sultanate of Oman (twst.com)
- Jacobs Engineering Group Inc (JEC) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Jacobs to Hold First Quarter 2018 Earnings Conference Call and Webcast (finance.yahoo.com)
- Jacobs Engineering Group Inc.: Jacobs Joint Venture Selected to Design Melbourne’s West Gate Tunnel Project (twst.com)
A number of equities analysts have recently issued reports on the stock. Barclays assumed coverage on shares of Jacobs Engineering Group in a research report on Tuesday, December 12th. They set an “overweight” rating and a $75.00 target price on the stock. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Monday. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. KeyCorp upped their target price on shares of Jacobs Engineering Group from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. Finally, DA Davidson reiterated a “hold” rating and set a $68.00 target price on shares of Jacobs Engineering Group in a research report on Wednesday, November 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Jacobs Engineering Group presently has an average rating of “Hold” and an average target price of $69.10.
Shares of Jacobs Engineering Group (NYSE JEC) traded up $0.10 during midday trading on Wednesday, reaching $67.81. 735,389 shares of the company traded hands, compared to its average volume of 1,073,271. Jacobs Engineering Group has a fifty-two week low of $49.31 and a fifty-two week high of $69.35. The firm has a market capitalization of $8,170.00, a price-to-earnings ratio of 28.02, a P/E/G ratio of 1.44 and a beta of 1.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.56 and a quick ratio of 1.56.
Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.16. Jacobs Engineering Group had a net margin of 2.93% and a return on equity of 9.18%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same period in the prior year, the business posted $0.77 earnings per share. Jacobs Engineering Group’s revenue was up .5% compared to the same quarter last year. equities research analysts anticipate that Jacobs Engineering Group will post 3.53 earnings per share for the current fiscal year.
In related news, Director Joseph R. Bronson sold 6,125 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total value of $385,936.25. Following the transaction, the director now directly owns 30,496 shares in the company, valued at $1,921,552.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.74% of the company’s stock.
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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.
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