Jacobs Engineering Group (NYSE:J) PT Lowered to $154.00 at Credit Suisse Group

Jacobs Engineering Group (NYSE:J – Get Rating) had its price target decreased by Credit Suisse Group from $159.00 to $154.00 in a research report report published on Tuesday morning, Benzinga reports. Credit Suisse Group currently has an outperform rating on the stock.

Other analysts also recently issued reports about the stock. Royal Bank of Canada dropped their target price on shares of Jacobs Engineering Group from $160.00 to $155.00 and set an outperform rating on the stock in a report on Thursday. StockNews.com upgraded shares of Jacobs Engineering Group from a hold rating to a buy rating in a report on Friday, May 6th. Finally, Citigroup lowered their price objective on shares of Jacobs Engineering Group from $155.00 to $151.00 and set a buy rating on the stock in a report on Tuesday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $158.57.

Jacobs Engineering Group Stock Up 0.9 %

Shares of NYSE J opened at $128.79 on Tuesday. The firm has a market capitalization of $16.57 billion, a PE ratio of 36.18, a price-to-earnings-growth ratio of 1.57 and a beta of 0.83. The company has a current ratio of 1.43, a quick ratio of 1.25 and a debt-to-equity ratio of 0.59. Jacobs Engineering Group has a 1 year low of $114.11 and a 1 year high of $150.32. The firm’s 50-day moving average is $128.64 and its 200-day moving average is $131.49.

Jacobs Engineering Group (NYSE:J – Get Rating) last announced its quarterly earnings results on Monday, August 1st. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.06. The business had revenue of $3.83 billion for 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%. Jacobs Engineering Group’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company posted $1.64 EPS. Equities analysts expect that Jacobs Engineering Group will post 6.98 EPS for the current year.

Jacobs Engineering Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, July 29th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.71%. Jacobs Engineering Group’s payout ratio is presently 25.84%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Perkins Coie Trust Co acquired a new position in Jacobs Engineering Group in the first quarter valued at about $29,000. Riverview Trust Co acquired a new position in Jacobs Engineering Group in the first quarter valued at about $31,000. Clear Street Markets LLC raised its stake in Jacobs Engineering Group by 405.7% in the second quarter. Clear Street Markets LLC now owns 268 shares of the company’s stock valued at $34,000 after purchasing an additional 215 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Jacobs Engineering Group in the fourth quarter valued at about $37,000. Finally, CX Institutional acquired a new position in Jacobs Engineering Group during the second quarter worth about $35,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Jacobs Engineering Group Company Profile

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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.