Are Analysts Bullish Jacobs Engineering Group Inc. (NYSE:JEC) After Last Week?

July 14, 2018 - By Elizabeth Bryant

Jacobs Engineering Group Inc. (NYSE:JEC) LogoInvestors sentiment decreased to 1.04 in 2018 Q1. Its down 0.12, from 1.16 in 2017Q4. It is negative, as 39 investors sold Jacobs Engineering Group Inc. shares while 153 reduced holdings. 54 funds opened positions while 145 raised stakes. 110.72 million shares or 1.51% less from 112.42 million shares in 2017Q4 were reported.
Pub Sector Pension Inv Board accumulated 0.01% or 28,741 shares. Gam Ag owns 18,934 shares for 0.04% of their portfolio. Parsec Management Inc holds 75,743 shares or 0.31% of its portfolio. Convergence Partners Ltd Limited Liability Company owns 0.01% invested in Jacobs Engineering Group Inc. (NYSE:JEC) for 713 shares. Scotia Capital has invested 0.02% in Jacobs Engineering Group Inc. (NYSE:JEC). Investment Counselors Of Maryland Llc owns 0.02% invested in Jacobs Engineering Group Inc. (NYSE:JEC) for 5,752 shares. Lathrop Corporation accumulated 250,495 shares. 4,400 are owned by Long Road Invest Counsel Ltd Llc. Barclays Public Ltd Com owns 0.01% invested in Jacobs Engineering Group Inc. (NYSE:JEC) for 251,007 shares. Comerica Bankshares, Michigan-based fund reported 32,537 shares. Moreover, Sumitomo Mitsui Asset Ltd has 0.01% invested in Jacobs Engineering Group Inc. (NYSE:JEC). Covington Mngmt holds 0.13% or 34,049 shares. 86,073 are owned by Ameriprise Fincl. Archford Capital Strategies Limited Liability has 0% invested in Jacobs Engineering Group Inc. (NYSE:JEC). The Illinois-based Magnetar Fincl Lc has invested 0.03% in Jacobs Engineering Group Inc. (NYSE:JEC).

Since February 14, 2018, it had 1 buying transaction, and 2 insider sales for $103,019 activity. Shares for $46,162 were sold by DAVIDSON ROBERT C JR on Thursday, June 7. Shares for $313,250 were sold by HAGEN TERENCE D on Wednesday, February 14.

Jacobs Engineering Group Inc. (NYSE:JEC) Ratings Coverage

Among 13 analysts covering Jacobs Engineering (NYSE:JEC), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Jacobs Engineering had 18 analyst reports since January 18, 2018 according to SRatingsIntel. Citigroup maintained Jacobs Engineering Group Inc. (NYSE:JEC) rating on Tuesday, February 6. Citigroup has “Neutral” rating and $78 target. On Thursday, March 29 the stock rating was upgraded by Deutsche Bank to “Buy”. On Wednesday, May 9 the stock rating was upgraded by Macquarie Research to “Neutral”. The firm earned “Buy” rating on Tuesday, April 3 by Goldman Sachs. The stock has “Hold” rating by Goldman Sachs on Tuesday, January 30. Robert W. Baird upgraded the shares of JEC in report on Monday, March 26 to “Buy” rating. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, January 24 report. Jefferies maintained Jacobs Engineering Group Inc. (NYSE:JEC) rating on Wednesday, February 7. Jefferies has “Hold” rating and $70.0 target. The rating was maintained by Bank of America with “Neutral” on Thursday, February 8. The firm has “Buy” rating given on Friday, May 11 by Bank of America. Below is a list of Jacobs Engineering Group Inc. (NYSE:JEC) latest ratings and price target changes.

11/05/2018 Broker: Bank of America Old Rating: Neutral New Rating: Buy Old Target: $70 Upgrade
09/05/2018 Broker: Vertical Research Old Rating: Hold New Rating: Buy Upgrade
09/05/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $82 New Target: $86 Maintain
09/05/2018 Broker: Macquarie Research Old Rating: Underperform New Rating: Neutral Upgrade
03/04/2018 Broker: Goldman Sachs Rating: Buy New Target: $77.0000 Upgrade
29/03/2018 Broker: UBS Rating: Buy New Target: $86.0000 Maintain
29/03/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Buy Old Target: $60 Upgrade
28/03/2018 Broker: M Partners Rating: Buy New Target: $71.0000 Upgrade
26/03/2018 Broker: Robert W. Baird Rating: Buy Upgrade
12/02/2018 Broker: Alembic Rating: Buy

The stock increased 1.11% or $0.73 during the last trading session, reaching $66.32. About 584,085 shares traded. Jacobs Engineering Group Inc. (NYSE:JEC) has risen 20.42% since July 14, 2017 and is uptrending. It has outperformed by 7.85% the S&P500.

Jacobs Engineering Group Inc. provides technical, professional, and construction services. The company has market cap of $9.40 billion. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services. It has a 36.28 P/E ratio. The firm also provides process, scientific, and systems consulting services, including performing pricing studies, market analyses, and financial projections in determining the feasibility of a project; performing gasoline reformulation modeling; analyzing and evaluating layout and mechanical creates for complex processing plants; analyzing automation and control systems; analyzing, designing, and executing bio containment strategies; developing and performing process protocols; and performing geological and metallurgical studies.

More recent Jacobs Engineering Group Inc. (NYSE:JEC) news were published by: Seekingalpha.com which released: “Equinor awards Jacobs feasibility study for conversion of natural gas to hydrogen in power production” on July 11, 2018. Also Streetinsider.com published the news titled: “Jacobs Engineering (JEC) Secures Contract from Eastman Chemical (EMN) for Construction, Maintenance and …” on July 10, 2018. Seekingalpha.com‘s news article titled: “Jacobs secures key role on Etihad Rail project in UAE” with publication date: July 12, 2018 was also an interesting one.

Jacobs Engineering Group Inc. (NYSE:JEC) Institutional Positions Chart

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