Jacobs Engineering Group (JEC) : Analyst Rating Update

Jacobs Engineering Group (JEC) : 7 brokerage houses believe that Jacobs Engineering Group (JEC) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Jacobs Engineering Group (JEC). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 14 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Jacobs Engineering Group (JEC) stock is expected to deviate a maximum of $4.31 from the average target price of $50.9 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $55 and the most muted being $45.

Jacobs Engineering Group (NYSE:JEC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.57 and $48.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.78, notching a gain of 2.32% for the day. The total traded volume was 1,022,080 . The stock had closed at $48.65 on the previous day.

Also, MKM Partners initiates coverage on Jacobs Engineering Group (NYSE:JEC). The shares have now been rated Neutral by the stock experts at the ratings house. The rating by the firm was issued on June 29, 2016. The company shares have rallied 22.05% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $53.33 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $50.47 and the 200 Day Moving Average price is recorded at $43.67.

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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