Jacobs Engineering Group (NYSE:J) had its price objective raised by equities research analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from $129.00 to $156.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell's price target would indicate a potential upside of 14.34% from the stock's previous close.
Several other research analysts have also recently issued reports on the company. Robert W. Baird cut Jacobs Engineering Group from an "outperform" rating to a "neutral" rating and set a $118.00 target price on the stock. in a research report on Tuesday, January 5th. Stifel Nicolaus boosted their target price on Jacobs Engineering Group from $128.00 to $170.00 and gave the company a "buy" rating in a research note on Monday, April 19th. They noted that the move was a valuation call. Benchmark boosted their price objective on Jacobs Engineering Group from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Thursday, March 11th. KeyCorp boosted their target price on Jacobs Engineering Group from $124.00 to $149.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Citigroup upped their price objective on Jacobs Engineering Group from $129.00 to $156.00 in a report on Wednesday, April 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the stock. Jacobs Engineering Group has an average rating of "Buy" and a consensus target price of $131.85.
Jacobs Engineering Group stock opened at $136.44 on Tuesday. Jacobs Engineering Group has a 12 month low of $69.17 and a 12 month high of $138.54. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $17.75 billion, a PE ratio of 36.78, a P/E/G ratio of 1.76 and a beta of 0.90. The stock has a 50-day moving average price of $129.11 and a two-hundred day moving average price of $112.33.
Jacobs Engineering Group (NYSE:J) last issued its earnings results on Monday, February 8th. The company reported $1.41 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.25 by $0.16. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.40 billion. Jacobs Engineering Group had a return on equity of 12.43% and a net margin of 3.63%. The firm's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share. As a group, analysts predict that Jacobs Engineering Group will post 5.75 earnings per share for the current fiscal year.
In other news, SVP Michael R. Tyler sold 4,125 shares of the firm's stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $122.11, for a total value of $503,703.75. Following the transaction, the senior vice president now directly owns 26,879 shares in the company, valued at approximately $3,282,194.69. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Robert V. Pragada sold 21,387 shares of the firm's stock in a transaction on Monday, April 12th. The stock was sold at an average price of $135.24, for a total value of $2,892,377.88. Following the completion of the transaction, the chief operating officer now owns 181,590 shares in the company, valued at $24,558,231.60. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.
A number of institutional investors have recently made changes to their positions in the stock. Otter Creek Advisors LLC grew its position in Jacobs Engineering Group by 0.3% in the fourth quarter. Otter Creek Advisors LLC now owns 31,325 shares of the company's stock worth $3,412,000 after acquiring an additional 91 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in Jacobs Engineering Group by 3.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 2,920 shares of the company's stock worth $318,000 after buying an additional 95 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Jacobs Engineering Group by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the company's stock worth $1,047,000 after buying an additional 100 shares in the last quarter. Eudaimonia Partners LLC raised its stake in Jacobs Engineering Group by 13.3% in the fourth quarter. Eudaimonia Partners LLC now owns 935 shares of the company's stock worth $102,000 after buying an additional 110 shares in the last quarter. Finally, Scotia Capital Inc. raised its stake in Jacobs Engineering Group by 1.7% in the fourth quarter. Scotia Capital Inc. now owns 6,819 shares of the company's stock worth $743,000 after buying an additional 114 shares in the last quarter. 86.97% of the stock is currently owned by institutional investors.
About Jacobs Engineering Group
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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