Brokerages Set Jacobs Engineering Group Inc. (NYSE:J) PT at $139.25

Jacobs Engineering Group Inc. (NYSE:J) has earned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $147.54.

Several analysts have recently weighed in on J shares. Robert W. Baird upped their price objective on Jacobs Engineering Group from $145.00 to $161.00 and gave the company a “neutral” rating in a report on Wednesday. Raymond James initiated coverage on Jacobs Engineering Group in a report on Thursday, November 18th. They set an “outperform” rating and a $170.00 target price for the company. Credit Suisse Group upped their target price on Jacobs Engineering Group from $156.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Citigroup upped their target price on Jacobs Engineering Group from $165.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday.

J traded up $4.45 during trading on Thursday, reaching $148.45. 931,961 shares of the company were exchanged, compared to its average volume of 590,293. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.50. The stock has a market cap of $19.35 billion, a P/E ratio of 42.54, a PEG ratio of 1.57 and a beta of 0.85. The firm has a 50 day moving average of $138.14 and a 200 day moving average of $136.47. Jacobs Engineering Group has a 52 week low of $100.05 and a 52 week high of $149.55.

Jacobs Engineering Group (NYSE:J) last announced its quarterly earnings data on Tuesday, November 23rd. The company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.01. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.80 billion. Jacobs Engineering Group had a return on equity of 13.75% and a net margin of 3.68%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 earnings per share. As a group, analysts forecast that Jacobs Engineering Group will post 6.24 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 29th. Shareholders of record on Friday, October 15th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, October 14th. This represents a $0.84 annualized dividend and a yield of 0.57%. Jacobs Engineering Group’s dividend payout ratio is presently 24.07%.

In other news, CEO Steven J. Demetriou sold 98,739 shares of the business’s stock in a transaction dated Wednesday, November 17th. The stock was sold at an average price of $145.76, for a total value of $14,392,196.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kevin C. Berryman sold 73,685 shares of the business’s stock in a transaction dated Wednesday, November 17th. The shares were sold at an average price of $145.74, for a total value of $10,738,851.90. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. McCarthy Asset Management Inc. acquired a new stake in shares of Jacobs Engineering Group in the second quarter valued at about $26,000. Cypress Point Wealth Management LLC acquired a new stake in shares of Jacobs Engineering Group in the second quarter valued at about $27,000. Princeton Global Asset Management LLC acquired a new stake in shares of Jacobs Engineering Group in the second quarter valued at about $27,000. Trustcore Financial Services LLC increased its position in shares of Jacobs Engineering Group by 310.0% in the third quarter. Trustcore Financial Services LLC now owns 205 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares during the last quarter. Finally, Oakworth Capital Inc. acquired a new stake in shares of Jacobs Engineering Group in the third quarter valued at about $30,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

About Jacobs Engineering Group

Jacobs Engineering Group, Inc engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. The firm operates through Critical Mission Solutions, and People and Places Solutions segments. The company was founded by Joseph J.

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Analyst Recommendations for Jacobs Engineering Group (NYSE:J)

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