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

Jacobs Engineering Group Inc. (NYSE:JGet Rating) has been assigned an average rating of “Buy” from the nine research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $164.86.

A number of brokerages have recently weighed in on J. Royal Bank of Canada began coverage on shares of Jacobs Engineering Group in a report on Wednesday, April 27th. They issued an “outperform” rating and a $173.00 price objective for the company. StockNews.com upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Friday, May 6th. Credit Suisse Group decreased their target price on shares of Jacobs Engineering Group from $175.00 to $161.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 9th. Finally, Stifel Nicolaus began coverage on shares of Jacobs Engineering Group in a research note on Thursday, March 17th. They issued a “buy” rating and a $159.00 target price on the stock.

Institutional investors have recently modified their holdings of the business. Moors & Cabot Inc. bought a new stake in shares of Jacobs Engineering Group during the 3rd quarter valued at $49,000. Commerce Bank boosted its holdings in shares of Jacobs Engineering Group by 50.7% during the 3rd quarter. Commerce Bank now owns 12,954 shares of the company’s stock valued at $1,717,000 after buying an additional 4,359 shares in the last quarter. Boston Private Wealth LLC bought a new stake in shares of Jacobs Engineering Group during the 3rd quarter valued at $201,000. Principal Financial Group Inc. boosted its holdings in shares of Jacobs Engineering Group by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 167,205 shares of the company’s stock valued at $22,160,000 after buying an additional 1,713 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. boosted its holdings in shares of Jacobs Engineering Group by 1.7% during the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 4,331 shares of the company’s stock valued at $574,000 after buying an additional 74 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Jacobs Engineering Group stock opened at $130.73 on Thursday. Jacobs Engineering Group has a 1 year low of $114.11 and a 1 year high of $150.32. The firm has a market cap of $16.82 billion, a PE ratio of 45.55, a PEG ratio of 1.61 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.25 and a quick ratio of 1.40. The company has a 50 day simple moving average of $137.70 and a two-hundred day simple moving average of $136.09.

Jacobs Engineering Group (NYSE:JGet Rating) last announced its earnings results on Tuesday, May 3rd. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.04. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.74 billion. Jacobs Engineering Group had a net margin of 3.00% and a return on equity of 13.94%. Jacobs Engineering Group’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.66 earnings per share. As a group, research analysts anticipate that Jacobs Engineering Group will post 7.12 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, May 27th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, May 26th. Jacobs Engineering Group’s payout ratio is currently 32.06%.

About Jacobs Engineering Group (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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