Jacobs Engineering Group Inc (JEC) is Upgraded by Argus to Buy

Jacobs Engineering Group Inc (JEC) was Upgraded by Argus to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Argus advised their investors in a research report released on Jun 3, 2016.

Many Wall Street Analysts have commented on Jacobs Engineering Group Inc. Company shares were Reiterated by FBR Capital on May 16, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 47 from a previous price target of $42 .Jacobs Engineering Group Inc was Upgraded by Johnson Rice to ” Accumulate” on May 9, 2016. Jacobs Engineering Group Inc was Downgraded by Standpoint Research to ” Hold” on Apr 14, 2016.

On the company’s financial health, Jacobs Engineering Group Inc reported $0.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.68. The company had revenue of $2781.76 million for the quarter, compared to analysts expectations of $2749.77 million. The company’s revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.

Jacobs Engineering Group Inc opened for trading at $50.47 and hit $50.995 on the upside on Wednesday, eventually ending the session at $50.88, with a gain of 0.37% or 0.19 points. The heightened volatility saw the trading volume jump to 9,46,903 shares. Company has a market cap of $6,204 M.

In a different news, on May 23, 2016, Noel G Watson (director) sold 33,333 shares at $49.27 per share price. According to the SEC, on May 16, 2016, Robert C Jr Davidson (director) sold 2,500 shares at $49.53 per share price. On Feb 16, 2016, Dawne S Hickton (director) purchased 2,800 shares at $36.02 per share price, according to the Form-4 filing with the securities and exchange commission.

Jacobs Engineering Group Inc. is a technical professional services company. The Company provides a range of technical professional and construction services to industrial commercial and governmental clients. Its services include technical professional services and field services. Its technical professional services include project services and process scientific and systems consulting. Its field services include construction and operations and maintenance (O&M). It offers its services to the industries including aerospace and defense; automotive and industrial; buildings; mining and minerals; nuclear; oil and gas (upstream); petrochemicals and chemicals; pharmaceutical and biotechnology; power and utilities; pulp paper and consumer products; refining (downstream); telecommunications; transportation and water and wastewater. It offers its services in approximately 30 countries. The Company’s products include Chemetics Comprimo sulfur solutions and Modular construction.

Jacobs Engineering Group Inc

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