Jacobs Engineering Group Inc (JEC) is Reiterated by FBR Capital to Mkt Perform, Raises Price Target to $ 55

Jacobs Engineering Group Inc (JEC) was Reiterated by FBR Capital to “Mkt Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 55 from a previous price target of $47 . FBR Capital advised their investors in a research report released on Aug 12, 2016.

Many Wall Street Analysts have commented on Jacobs Engineering Group Inc. Jacobs Engineering Group Inc was Downgraded by Johnson Rice to ” Hold” on Aug 11, 2016. Company shares were Reiterated by DA Davidson on Aug 10, 2016 to “Buy”, Firm has raised the Price Target to $ 65 from a previous price target of $63 .Jacobs Engineering Group Inc was Initiated by MKM Partners to “Neutral” on Jun 29, 2016.

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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