Notable Reporting: After Today’s Huge Increase, Is Jacobs Engineering Group Inc’s Near-Term Analysis Positive?

Notable Reporting: After Today's Huge Increase, Is Jacobs Engineering Group Inc's Near Term Analysis Positive?

The stock of Jacobs Engineering Group Inc (NYSE:JEC) is a huge mover today! The stock increased 4.01% or $2.38 on November 23, hitting $61.69. Jacobs Engineering Group Inc (NYSE:JEC) has risen 40.94% since April 22, 2016 and is uptrending. It has outperformed by 35.53% the S&P500.
The move comes after 8 months positive chart setup for the $7.75B company. It was reported on Nov, 24 by Barchart.com. We have $65.39 PT which if reached, will make NYSE:JEC worth $465.00M more.

Jacobs Engineering Group Inc (NYSE:JEC) Ratings Coverage

Out of 13 analysts covering Jacobs Engineering Group Inc. (NYSE:JEC), 5 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 38% are positive. Jacobs Engineering Group Inc. has been the topic of 24 analyst reports since August 5, 2015 according to StockzIntelligence Inc. UBS downgraded Jacobs Engineering Group Inc (NYSE:JEC) rating on Wednesday, August 10. UBS has “Neutral” rating and $56 price target. The firm earned “Hold” rating on Thursday, April 14 by Standpoint Research. As per Tuesday, September 1, the company rating was upgraded by Standpoint Research. Deutsche Bank maintained it with “Hold” rating and $54 target price in Wednesday, August 10 report. On Friday, June 3 the stock rating was upgraded by Argus Research to “Buy”. Citigroup initiated the stock with “Buy” rating in Friday, November 13 report. The firm has “Neutral” rating by M Partners given on Wednesday, June 29. As per Wednesday, November 23, the company rating was maintained by Deutsche Bank. As per Monday, May 9, the company rating was upgraded by Johnson Rice. The firm earned “Mkt Perform” rating on Friday, August 12 by FBR Capital.

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 dived, 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.
Ajo Lp has 115,120 shares for 0.03% of their US portfolio. First Mercantile Tru Company, a Tennessee-based fund reported 23,954 shares. Jpmorgan Chase Communication holds 0.01% or 798,748 shares in its portfolio. Teachers Advisors last reported 173,771 shares in the company. Mizuho Trust And Bk Limited last reported 190,595 shares in the company. Trust Of Vermont holds 90 shares or 0% of its portfolio. World Asset Mngmt Incorporated accumulated 11,383 shares or 0.02% of the stock. Arcadia Investment Corporation Mi, a Michigan-based fund reported 5,423 shares. Advisory Svcs Ltd Liability has invested 0% of its portfolio in Jacobs Engineering Group Inc (NYSE:JEC). Gsa Ltd Liability Partnership holds 0.01% of its portfolio in Jacobs Engineering Group Inc (NYSE:JEC) for 4,113 shares. Wedge Capital Management L Ltd Partnership Nc accumulated 0.21% or 414,248 shares. Alliancebernstein Lp holds 0.03% or 741,457 shares in its portfolio. Da Davidson Company has 1,840 shares for 0% of their US portfolio. Sprott holds 0.17% of its portfolio in Jacobs Engineering Group Inc (NYSE:JEC) for 67,500 shares. Chesapeake Asset Management Limited Co reported 45,845 shares or 1.86% of all its holdings.

Insider Transactions: Since July 1, 2016, the stock had 0 buys, and 3 sales for $7.75 million net activity. HAGEN TERENCE D sold $1.02 million worth of stock. $3.45M worth of Jacobs Engineering Group Inc (NYSE:JEC) was sold by WATSON NOEL G.

More notable recent Jacobs Engineering Group Inc (NYSE:JEC) news were published by: Businesswire.com which released: “Jacobs Engineering Group Inc. Reports Earnings for Fiscal 2016” on November 22, 2016, also Forbes.com with their article: “Jacobs Engineering Group Stock Sees Short Interest Increase 18.4%” published on November 10, 2016, Fool.com published: “Why Jacobs Engineering Group Scored an 11% Win Today” on November 09, 2016. More interesting news about Jacobs Engineering Group Inc (NYSE:JEC) were released by: Nasdaq.com and their article: “Jacobs Engineering Group Reaches Analyst Target Price” published on November 11, 2016 as well as Businesswire.com‘s news article titled: “Jacobs Wins Contract for New MEGlobal Production Facility in Texas” with publication date: November 15, 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.

Leave a Comment