Analyst Rating Update on Jacobs Engineering Group (JEC)

Jacobs Engineering Group (NYSE:JEC) has an average broker rating of 2, which is interpreted as a Buy, as rated by 14 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Jacobs Engineering Group (NYSE:JEC) : Average target price received by Jacobs Engineering Group (NYSE:JEC) is $50.9 with an expected standard deviation of $4.31. The most aggressive target on the stock is $55, whereas the most downbeat target is $45. 10 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Argus Research upgrades its rating on Jacobs Engineering Group (NYSE:JEC). Analysts at the Argus Research have a current rating of Buy on the shares. The shares were previously rated Hold. The rating by the firm was issued on June 3, 2016.

Jacobs Engineering Group (NYSE:JEC): stock turned positive on Tuesday. Though the stock opened at $48.3, the bulls momentum made the stock top out at $48.49 level for the day. The stock recorded a low of $47.14 and closed the trading day at $47.86, in the green by 0.44%. The total traded volume for the day was 1,203,182. The stock had closed at $47.65 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Bronson Joseph R, director of Jacobs Engineering Group Inc /De/, had unloaded 2,500 shares at an average price of $51.36 in a transaction dated on June 13, 2015. The total value of the transaction was worth $128,400.

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 Companys products include Chemetics, Comprimo sulfur solutions and Modular construction.

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