Jacobs Engineering Group Inc (JEC) is Reiterated by DA Davidson to Buy, Raises Price Target to $ 65

Jacobs Engineering Group Inc (JEC) was Reiterated by DA Davidson to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 65 from a previous price target of $63 . DA Davidson advised their investors in a research report released on Aug 10, 2016.

Many Wall Street Analysts have commented on Jacobs Engineering Group Inc. Jacobs Engineering Group Inc was Initiated by MKM Partners to “Neutral” on Jun 29, 2016. Jacobs Engineering Group Inc was Upgraded by Argus to ” Buy” on Jun 3, 2016. 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 .

On the company’s financial health, Jacobs Engineering Group Inc reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.75. The company had revenue of $2693.87 million for the quarter, compared to analysts expectations of $2789.12 million. The company’s revenue was down -7.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.97 EPS.

Jacobs Engineering Group Inc closed down -0.37 points or -0.69% at $53.39 with 11,29,811 shares getting traded on Monday. Post opening the session at $53.92, the shares hit an intraday low of $53.3 and an intraday high of $54.38 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jul 5, 2016, Noel G Watson (director) sold 66,666 shares at $49.28 per share price. According to the SEC, on Jun 15, 2016, Joseph R Bronson (director) sold 2,500 shares at $51.36 per share price. On May 16, 2016, Robert C Jr Davidson (director) sold 2,500 shares at $49.53 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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