Jacobs Engineering Group (NYSE:J) Price Target Cut to $151.00

Jacobs Engineering Group (NYSE:JGet Rating) had its target price lowered by investment analysts at Citigroup from $155.00 to $151.00 in a report issued on Tuesday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 18.25% from the stock’s previous close.

Several other brokerages also recently commented on J. Credit Suisse Group reduced their price target on shares of Jacobs Engineering Group from $159.00 to $154.00 and set a “maintains” rating for the company in a research report on Tuesday. StockNews.com upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Friday, May 6th. Finally, Royal Bank of Canada assumed coverage on shares of Jacobs Engineering Group in a research report on Wednesday, April 27th. They issued an “outperform” rating and a $173.00 price target for the company. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Engineering Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.14.

Jacobs Engineering Group Stock Down 0.1 %

J stock opened at $127.70 on Tuesday. Jacobs Engineering Group has a 12 month low of $114.11 and a 12 month high of $150.32. The firm has a market cap of $16.43 billion, a PE ratio of 35.87, a P/E/G ratio of 1.58 and a beta of 0.83. The firm has a 50 day simple moving average of $128.82 and a 200 day simple moving average of $131.51. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.43 and a quick ratio of 1.25.

Jacobs Engineering Group (NYSE:JGet Rating) last issued its quarterly earnings results on Monday, August 1st. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.80 by $0.06. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.83 billion. Jacobs Engineering Group had a net margin of 3.16% and a return on equity of 14.45%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS. Equities research analysts forecast that Jacobs Engineering Group will post 7.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Jacobs Engineering Group by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 13,998,808 shares of the company’s stock worth $1,929,175,000 after purchasing an additional 250,587 shares during the last quarter. State Street Corp increased its stake in shares of Jacobs Engineering Group by 0.5% during the 4th quarter. State Street Corp now owns 8,479,505 shares of the company’s stock worth $1,180,601,000 after purchasing an additional 42,028 shares during the last quarter. Capital World Investors increased its stake in shares of Jacobs Engineering Group by 3.6% during the 1st quarter. Capital World Investors now owns 7,346,392 shares of the company’s stock worth $1,012,406,000 after purchasing an additional 258,525 shares during the last quarter. Select Equity Group L.P. grew its stake in Jacobs Engineering Group by 12.4% in the 1st quarter. Select Equity Group L.P. now owns 5,814,904 shares of the company’s stock valued at $801,352,000 after buying an additional 641,965 shares during the last quarter. Finally, Capital International Investors grew its stake in Jacobs Engineering Group by 8.1% in the 1st quarter. Capital International Investors now owns 4,049,450 shares of the company’s stock valued at $558,055,000 after buying an additional 304,996 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

About Jacobs Engineering Group

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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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