Citigroup Maintains Jacobs Engineering Group Inc to Buy

Brokerage firm Citigroup Maintains its rating on Jacobs Engineering Group Inc(NYSE:JEC). The shares have been rated Buy. The rating by Citigroup was issued on Jul 26, 2016.

In a different note, MKM Partners said it Initiates Coverage on Jacobs Engineering Group Inc, according to a research note issued on Jun 29, 2016. The shares have been rated ‘Neutral’ by the firm. On Jun 3, 2016, Argus Research said it Upgrades its rating on Jacobs Engineering Group Inc. The shares have been rated ‘Buy’ by the firm. On May 9, 2016, Johnson Rice said it Upgrades its rating on Jacobs Engineering Group Inc. The shares have been rated ‘Accumulate’ by the firm. Argus Research said it Initiates Coverage on Jacobs Engineering Group Inc, according to a research note issued on Apr 28, 2016. The shares have been rated ‘Hold’ by the firm.

Jacobs Engineering Group Inc (JEC) shares turned negative on Fridays trading session with the shares closing down -0.56 points or -1.04% at a volume of 5,98,177. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $54.03. The peak price level was also seen at $54.03 while the days lowest was $53.3. Finally the shares closed at $53.52. The 52-week high of the shares is $54.54 while the 52-week low is $34.76. According to the latest information available, the market cap of the company is $6,525 M.

Jacobs Engineering Group Inc(JEC) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.78B. Analysts had an estimated revenue of $2.79B. Earnings per share were $0.75. Analysts had estimated an EPS of $0.68.

Several Insider Transactions has been reported to the SEC. On Jul 5, 2016, Noel G Watson (director) sold 66,666 shares at $49.28 per share price.Also, 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.

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