Can analysts adopt a bullish outlook for Jacobs Engineering Group Inc. (NYSE:JEC)?

July 14, 2018 - By Tina Thibodeau

Jacobs Engineering Group Inc. (NYSE:JEC) LogoInvestors sentiment decreased to 1.04 in 2018 Q1. Its down 0.12, from 1.16 in 2017Q4. It fall, as 39 investors sold Jacobs Engineering Group Inc. shares while 153 reduced holdings. 54 funds opened positions while 145 raised stakes. 110.72 million shares or 1.51% less from 112.42 million shares in 2017Q4 were reported.
Washington National Bank & Trust holds 0.01% in Jacobs Engineering Group Inc. (NYSE:JEC) or 1,053 shares. Fairfax Fincl Ltd Can accumulated 0.12% or 40,000 shares. Daiwa Grp Inc accumulated 29,557 shares. Alyeska Invest Grp Limited Partnership, a Illinois-based fund reported 573,690 shares. M&T Retail Bank stated it has 24,180 shares or 0.01% of all its holdings. Brinker Incorporated holds 0.05% or 21,432 shares in its portfolio. Rampart Investment Mgmt Ltd Limited Liability Company holds 0.01% or 2,627 shares. 103,232 are held by Clifford Swan Investment Counsel Ltd Liability Corp. California Employees Retirement holds 324,055 shares or 0.03% of its portfolio. Moreover, Parsec Fincl Mgmt has 0.31% invested in Jacobs Engineering Group Inc. (NYSE:JEC). Regentatlantic Cap Ltd reported 0.03% of its portfolio in Jacobs Engineering Group Inc. (NYSE:JEC). Northern Trust invested 0.02% in Jacobs Engineering Group Inc. (NYSE:JEC). Riverhead Cap Management Limited holds 0.08% or 30,179 shares in its portfolio. Los Angeles Cap Mngmt & Equity Research holds 0.01% or 20,250 shares. Invesco Limited holds 0.01% of its portfolio in Jacobs Engineering Group Inc. (NYSE:JEC) for 644,430 shares.

Since February 14, 2018, it had 1 insider purchase, and 2 sales for $103,019 activity. DAVIDSON ROBERT C JR sold 700 shares worth $46,162. Shares for $256,393 were bought by Thompson Christopher M.T. on Tuesday, May 22.

Jacobs Engineering Group Inc. (NYSE:JEC) Ratings Coverage

Among 13 analysts covering Jacobs Engineering (NYSE:JEC), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Jacobs Engineering had 18 analyst reports since January 18, 2018 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Wednesday, January 24. Credit Suisse maintained the shares of JEC in report on Wednesday, May 9 with “Outperform” rating. The stock of Jacobs Engineering Group Inc. (NYSE:JEC) earned “Hold” rating by Robert W. Baird on Wednesday, February 7. The stock has “Buy” rating by Deutsche Bank on Thursday, March 29. As per Wednesday, March 28, the company rating was upgraded by M Partners. The company was upgraded on Tuesday, January 30 by Goldman Sachs. UBS upgraded Jacobs Engineering Group Inc. (NYSE:JEC) rating on Monday, January 29. UBS has “Buy” rating and $82.0 target. The stock of Jacobs Engineering Group Inc. (NYSE:JEC) earned “Neutral” rating by Bank of America on Thursday, February 8. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, April 3. Jefferies maintained the stock with “Hold” rating in Wednesday, February 7 report. Below is a list of Jacobs Engineering Group Inc. (NYSE:JEC) latest ratings and price target changes.

11/05/2018 Broker: Bank of America Old Rating: Neutral New Rating: Buy Old Target: $70 Upgrade
09/05/2018 Broker: Vertical Research Old Rating: Hold New Rating: Buy Upgrade
09/05/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $82 New Target: $86 Maintain
09/05/2018 Broker: Macquarie Research Old Rating: Underperform New Rating: Neutral Upgrade
03/04/2018 Broker: Goldman Sachs Rating: Buy New Target: $77.0000 Upgrade
29/03/2018 Broker: UBS Rating: Buy New Target: $86.0000 Maintain
29/03/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Buy Old Target: $60 Upgrade
28/03/2018 Broker: M Partners Rating: Buy New Target: $71.0000 Upgrade
26/03/2018 Broker: Robert W. Baird Rating: Buy Upgrade
12/02/2018 Broker: Alembic Rating: Buy

The stock increased 1.11% or $0.73 during the last trading session, reaching $66.32. About 584,085 shares traded. Jacobs Engineering Group Inc. (NYSE:JEC) has risen 20.42% since July 14, 2017 and is uptrending. It has outperformed by 7.85% the S&P500.

Jacobs Engineering Group Inc. provides technical, professional, and construction services. The company has market cap of $9.40 billion. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services. It has a 36.28 P/E ratio. The firm also provides process, scientific, and systems consulting services, including performing pricing studies, market analyses, and financial projections in determining the feasibility of a project; performing gasoline reformulation modeling; analyzing and evaluating layout and mechanical creates for complex processing plants; analyzing automation and control systems; analyzing, designing, and executing bio containment strategies; developing and performing process protocols; and performing geological and metallurgical studies.

More recent Jacobs Engineering Group Inc. (NYSE:JEC) news were published by: Streetinsider.com which released: “Jacobs Engineering (JEC) Secures Contract from Eastman Chemical (EMN) for Construction, Maintenance and …” on July 10, 2018. Also Seekingalpha.com published the news titled: “Jacobs secures key role on Etihad Rail project in UAE” on July 12, 2018. Seekingalpha.com‘s news article titled: “Equinor awards Jacobs feasibility study for conversion of natural gas to hydrogen in power production” with publication date: July 11, 2018 was also an interesting one.

Jacobs Engineering Group Inc. (NYSE:JEC) Institutional Positions Chart

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