The stock of Jacobs Engineering Group Inc (NYSE:JEC) hit a new 52-week high and has $63.19 target or 4.00% above today’s $60.76 share price. The 5 months bullish chart indicates low risk for the $7.55 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $63.19 price target is reached, the company will be worth $302.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 812,603 shares traded hands. Jacobs Engineering Group Inc (NYSE:JEC) has risen 36.75% since April 21, 2016 and is uptrending. It has outperformed by 31.42% the S&P500.
Jacobs Engineering Group Inc (NYSE:JEC) Ratings Coverage
Out of 12 analysts covering Jacobs Engineering Group Inc. (NYSE:JEC), 4 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 33% are positive. Jacobs Engineering Group Inc. has been the topic of 22 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Thursday, April 28 by Argus Research. DA Davidson downgraded the stock to “Neutral” rating in Wednesday, November 16 report. The stock of Jacobs Engineering Group Inc (NYSE:JEC) earned “Hold” rating by Standpoint Research on Thursday, April 14. On Monday, May 9 the stock rating was upgraded by Johnson Rice to “Accumulate”. The firm earned “Hold” rating on Wednesday, August 10 by Deutsche Bank. The firm has “Neutral” rating by M Partners given on Wednesday, June 29. The stock of Jacobs Engineering Group Inc (NYSE:JEC) has “Buy” rating given on Friday, November 13 by Citigroup. The firm has “Outperform” rating by Cowen & Co given on Wednesday, August 5. The firm earned “Hold” rating on Thursday, August 11 by Johnson Rice. The stock of Jacobs Engineering Group Inc (NYSE:JEC) has “Buy” rating given on Tuesday, July 26 by Citigroup.
According to Zacks Investment Research, “Jacobs Engineering Group Inc. is one of the largest professional service firms in the United States providing engineering, design and consulting services; construction and construction management services; and process plant maintenance services to a broad range of industrial, commercial and governmental clients. The Company provides its services through offices and subsidiaries located throughout the United States, the United Kingdom and Ireland, as well as through affiliated entities located throughout Europe and India.”
Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.27, from 1.13 in 2016Q1. The ratio is negative, as 37 funds sold all Jacobs Engineering Group Inc shares owned while 136 reduced positions. 67 funds bought stakes while 128 increased positions. They now own 102.39 million shares or 6.20% less from 109.16 million shares in 2016Q1.
Hutchin Hill Capital Limited Partnership reported 27,600 shares or 0.05% of all its holdings. Canada Pension Plan Inv Board holds 0.03% or 141,694 shares in its portfolio. Archford Cap Strategies Limited Liability Com holds 0% or 6 shares in its portfolio. Commonwealth Commercial Bank Of last reported 23,735 shares in the company. Engineers Gate Manager Ltd Partnership owns 21,069 shares or 0.08% of their US portfolio. Diam Com Ltd last reported 11,801 shares in the company. Moreover, Victory Cap Management Inc has 0.41% invested in Jacobs Engineering Group Inc (NYSE:JEC) for 2.05M shares. Cantab Capital Prtnrs Llp has 0% invested in the company for 8,502 shares. Sfe Investment Counsel last reported 55,149 shares in the company. Peak Asset Ltd Limited Liability Company reported 10,000 shares or 0.22% of all its holdings. Bessemer owns 2,968 shares or 0% of their US portfolio. Hsbc Hldg Pcl holds 0.02% or 183,071 shares in its portfolio. River & Mercantile Asset Ltd Liability Partnership holds 0.04% of its portfolio in Jacobs Engineering Group Inc (NYSE:JEC) for 1,900 shares. The New York-based Pinebridge Invests Ltd Partnership has invested 0.01% in Jacobs Engineering Group Inc (NYSE:JEC). Apg Asset Nv last reported 0.02% of its portfolio in the stock.
Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 3 sales for $7.75 million net activity. Another trade for 66,666 shares valued at $3.29M was sold by WATSON NOEL G. HAGEN TERENCE D had sold 18,639 shares worth $1.02 million.
More notable recent Jacobs Engineering Group Inc (NYSE:JEC) news were published by: Forbes.com which released: “Jacobs Engineering Group Stock Sees Short Interest Increase 18.4%” on November 10, 2016, also Fool.com with their article: “Why Jacobs Engineering Group Scored an 11% Win Today” published on November 09, 2016, Streetinsider.com published: “Saudi Aramco Extends GES Contract with Jacobs Engineering (JEC)” on November 23, 2016. More interesting news about Jacobs Engineering Group Inc (NYSE:JEC) were released by: Streetinsider.com and their article: “Jacobs Engineering (JEC) Receives Award for $350M Environmental Restoration …” published on November 23, 2016 as well as Nasdaq.com‘s news article titled: “Jacobs Engineering Group Reaches Analyst Target Price” with publication date: November 11, 2016.
JEC Company Profile
Jacobs Engineering Group Inc., incorporated on January 8, 1987, is a technical professional services company. The Firm 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. The Firm operates four lines of business (LOBs): Petroleum and Chemicals; Buildings and Infrastructure; Aerospace and Technology, and Industrial. It caters its services to various sectors, such as gas and oil exploration, production and refining; chemicals and polymers; programs for various national governments, including aerospace, defense, and environmental programs; buildings (including specialized buildings for clients operating in the fields of healthcare, education, and high technology; governmental complexes; other specialized civic and mission critical buildings, installations, and laboratories; and retail and commercial buildings); infrastructure and telecommunications; mining and minerals; pharmaceuticals and biotechnology; power; pulp and paper; technology and manufacturing, and food and consumer products.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.