Citigroup Inc. Analysts Give Jacobs Engineering Group Inc. (NYSE:JEC) a $64.00 Price Target

Citigroup Inc. set a $64.00 price objective on Jacobs Engineering Group Inc. (NYSE:JEC) in a report issued on Friday, October 27th. The brokerage currently has a hold rating on the construction company’s stock.

Several other equities research analysts have also weighed in on JEC. BidaskClub raised Jacobs Engineering Group from a sell rating to a hold rating in a report on Friday, June 30th. Jefferies Group LLC reissued a hold rating and set a $61.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 4th. Zacks Investment Research raised Jacobs Engineering Group from a sell rating to a hold rating in a report on Thursday, August 10th. KeyCorp reissued a buy rating and set a $60.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 25th. Finally, Robert W. Baird restated a hold rating and issued a $63.00 target price on shares of Jacobs Engineering Group in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $62.56.

Jacobs Engineering Group (JEC) traded down $1.88 during midday trading on Friday, hitting $57.94. The stock had a trading volume of 618,400 shares, compared to its average volume of 816,835. Jacobs Engineering Group has a 12 month low of $49.31 and a 12 month high of $63.42. The company has a market cap of $7,197.25, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.72 and a beta of 1.51. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.07.

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The firm also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, October 13th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Thursday, October 12th. Jacobs Engineering Group’s payout ratio is currently 31.75%.

A number of hedge funds have recently bought and sold shares of the business. Bingham Osborn & Scarborough LLC lifted its holdings in Jacobs Engineering Group by 0.3% in the second quarter. Bingham Osborn & Scarborough LLC now owns 5,617 shares of the construction company’s stock valued at $306,000 after acquiring an additional 17 shares during the period. CIBC Asset Management Inc raised its stake in shares of Jacobs Engineering Group by 0.3% in the second quarter. CIBC Asset Management Inc now owns 11,950 shares of the construction company’s stock worth $650,000 after buying an additional 34 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Jacobs Engineering Group by 0.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,712 shares of the construction company’s stock worth $260,000 after buying an additional 42 shares during the period. Meeder Asset Management Inc. raised its stake in shares of Jacobs Engineering Group by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 13,488 shares of the construction company’s stock worth $733,000 after buying an additional 75 shares during the period. Finally, Seaward Management Limited Partnership raised its stake in shares of Jacobs Engineering Group by 1.3% in the second quarter. Seaward Management Limited Partnership now owns 6,429 shares of the construction company’s stock worth $349,000 after buying an additional 84 shares during the period. 83.33% of the stock is currently owned by institutional investors.

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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