Jacobs Engineering Group (JEC) Shares are Up 0.45%

Jacobs Engineering Group (JEC) : Traders are bullish on Jacobs Engineering Group (JEC) as it has outperformed the S&P 500 by a wide margin of 2.35% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.02%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.45% in the last 1 week, and is up 4.9% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Jacobs Engineering Group (NYSE:JEC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.26 and $53.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.76, notching a gain of 1.41% for the day. The total traded volume was 1,176,334 . The stock had closed at $53.01 on the previous day.

The stock has recorded a 20-day Moving Average of 1.36% and the 50-Day Moving Average is 4.1%. Jacobs Engineering Group Inc. is up 10.5% in the last 3-month period. Year-to-Date the stock performance stands at 28.15%.

Jacobs Engineering Group (JEC) : Average target price received by Jacobs Engineering Group (JEC) is $52 with an expected standard deviation of $4.19. The most aggressive target on the stock is $58, whereas the most downbeat target is $46. 10 financial analysts are currently covering the stock.

Jacobs

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.