Standpoint Research Downgrades Jacobs Engineering Group Inc to Hold

Brokerage firm Standpoint Research Downgrades its rating on Jacobs Engineering Group Inc(NYSE:JEC). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Standpoint Research was issued on Apr 14, 2016.

In a different note, On Feb 4, 2016, Citigroup said it Maintains its rating on Jacobs Engineering Group Inc. In the research note, the firm Lowers the price-target to $54.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 4, 2016, KeyBanc said it Maintains its rating on Jacobs Engineering Group Inc. In the research note, the firm Lowers the price-target to $52.00 per share. The shares have been rated ‘Overweight’ by the firm. On Feb 4, 2016, Macquarie said it Maintains its rating on Jacobs Engineering Group Inc. In the research note, the firm Lowers the price-target to $35.00 per share. The shares have been rated ‘Underperform’ by the firm. On Feb 4, 2016, Jefferies said it Maintains its rating on Jacobs Engineering Group Inc. In the research note, the firm Lowers the price-target to $53.00 per share. The shares have been rated ‘Buy’ by the firm.

Jacobs Engineering Group Inc (JEC) made into the market gainers list on Mondays trading session with the shares advancing 1.04% or 0.44 points. Due to strong positive momentum, the stock ended at $42.6, which is also near the day’s high of $42.68. The stock began the session at $41.88 and the volume stood at 3,39,860 shares. The 52-week high of the shares is $47.86 and the 52 week low is $34.76. The company has a current market capitalization of $5,220 M and it has 12,25,37,019 shares in outstanding.

Jacobs Engineering Group Inc(JEC) last announced its earnings results on Feb 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.85B. Analysts had an estimated revenue of $3.00B. Earnings per share were $0.78. Analysts had estimated an EPS of $0.69.

Several Insider Transactions has been reported to the SEC. On Feb 16, 2016, Dawne S Hickton (director) purchased 2,800 shares at $36.02 per share price.Also, On Aug 19, 2015, Philip J Stassi (Executive Vice President) sold 10,000 shares at $44.04 per share price.On Feb 19, 2015, Robert C Jr Davidson (director) sold 5,000 shares at $43.74 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.

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