Robert W. Baird set a $75.00 price target on Jacobs Engineering Group (NYSE:JEC) in a research report sent to investors on Wednesday. The brokerage currently has a hold rating on the construction company’s stock.

Several other analysts have also recently issued reports on JEC. Zacks Investment Research raised shares of Jacobs Engineering Group from a hold rating to a strong-buy rating and set a $67.00 price target on the stock in a research report on Tuesday, October 17th. Citigroup set a $64.00 price target on shares of Jacobs Engineering Group and gave the stock a hold rating in a research report on Friday, October 27th. ValuEngine cut shares of Jacobs Engineering Group from a buy rating to a hold rating in a research report on Wednesday, November 15th. DA Davidson reissued a hold rating and set a $68.00 price target on shares of Jacobs Engineering Group in a research report on Wednesday, November 22nd. They noted that the move was a valuation call. Finally, KeyCorp increased their price target 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $74.00.

Jacobs Engineering Group (NYSE JEC) opened at $62.23 on Wednesday. Jacobs Engineering Group has a 1 year low of $49.31 and a 1 year high of $72.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.56. The company has a market cap of $8,899.80, a PE ratio of 31.91, a price-to-earnings-growth ratio of 1.18 and a beta of 1.49.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.10. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Jacobs Engineering Group had a net margin of 2.30% and a return on equity of 8.59%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share. equities research analysts forecast that Jacobs Engineering Group will post 3.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. Jacobs Engineering Group’s payout ratio is 30.77%.

In related news, Director Joseph R. Bronson sold 6,125 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total transaction of $385,936.25. Following the sale, the director now directly owns 30,496 shares in the company, valued at $1,921,552.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.74% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of Jacobs Engineering Group by 2.2% during the fourth quarter. BlackRock Inc. now owns 8,139,258 shares of the construction company’s stock worth $536,866,000 after buying an additional 174,080 shares during the period. Ruane Cunniff & Goldfarb Inc. increased its stake in shares of Jacobs Engineering Group by 9.4% during the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 5,692,656 shares of the construction company’s stock worth $331,711,000 after buying an additional 487,089 shares during the period. Wells Fargo & Company MN increased its stake in shares of Jacobs Engineering Group by 6.9% during the fourth quarter. Wells Fargo & Company MN now owns 4,288,179 shares of the construction company’s stock worth $282,848,000 after buying an additional 276,095 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Jacobs Engineering Group by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,191,405 shares of the construction company’s stock worth $185,962,000 after buying an additional 19,954 shares during the period. Finally, Lord Abbett & CO. LLC increased its stake in shares of Jacobs Engineering Group by 1.5% during the second quarter. Lord Abbett & CO. LLC now owns 1,108,792 shares of the construction company’s stock worth $60,307,000 after buying an additional 16,302 shares during the period. Hedge funds and other institutional investors own 71.79% 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.

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

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