Jacobs Engineering Group Inc. (NYSE:J) Receives Average Rating of “Buy” from Brokerages

Shares of Jacobs Engineering Group Inc. (NYSE:JGet Rating) have earned a consensus recommendation of “Buy” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $161.56.

J has been the subject of a number of research reports. Stifel Nicolaus initiated coverage on shares of Jacobs Engineering Group in a research report on Thursday, March 17th. They set a “buy” rating and a $159.00 target price for the company. StockNews.com upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 12th. Credit Suisse Group decreased their price objective on shares of Jacobs Engineering Group from $175.00 to $161.00 and set an “outperform” rating for the company in a research report on Wednesday, February 9th. Finally, Berenberg Bank downgraded shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 6th.

Hedge funds have recently added to or reduced their stakes in the company. Strs Ohio grew its stake in Jacobs Engineering Group by 8.0% during the 4th quarter. Strs Ohio now owns 26,693 shares of the company’s stock valued at $3,716,000 after acquiring an additional 1,980 shares in the last quarter. KCM Investment Advisors LLC grew its stake in Jacobs Engineering Group by 33.0% during the 3rd quarter. KCM Investment Advisors LLC now owns 8,268 shares of the company’s stock valued at $1,096,000 after acquiring an additional 2,050 shares in the last quarter. MML Investors Services LLC grew its stake in Jacobs Engineering Group by 74.2% during the 3rd quarter. MML Investors Services LLC now owns 9,758 shares of the company’s stock valued at $1,293,000 after acquiring an additional 4,156 shares in the last quarter. Atlantic Union Bankshares Corp grew its stake in Jacobs Engineering Group by 3.4% during the 4th quarter. Atlantic Union Bankshares Corp now owns 43,731 shares of the company’s stock valued at $6,089,000 after acquiring an additional 1,431 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in Jacobs Engineering Group by 0.6% during the 3rd quarter. New York State Common Retirement Fund now owns 231,294 shares of the company’s stock valued at $30,653,000 after acquiring an additional 1,450 shares in the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

NYSE J opened at $144.66 on Friday. The company has a market capitalization of $18.69 billion, a PE ratio of 63.73, a P/E/G ratio of 1.65 and a beta of 0.86. The company has a fifty day moving average of $131.46 and a 200 day moving average of $135.40. Jacobs Engineering Group has a 1 year low of $114.11 and a 1 year high of $149.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.40 and a quick ratio of 1.40.

Jacobs Engineering Group (NYSE:JGet Rating) last posted its earnings results on Tuesday, February 8th. The company reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.04). The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.63 billion. Jacobs Engineering Group had a net margin of 2.51% and a return on equity of 13.90%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 earnings per share. Research analysts expect that Jacobs Engineering Group will post 7.08 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, February 25th were paid a dividend of $0.23 per share. The ex-dividend date was Thursday, February 24th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.64%. This is a boost from Jacobs Engineering Group’s previous quarterly dividend of $0.21. Jacobs Engineering Group’s payout ratio is currently 40.53%.

Jacobs Engineering Group Company Profile (Get Rating)

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.

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Analyst Recommendations for Jacobs Engineering Group (NYSE:J)

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