Jacobs Engineering Group (JEC) Receives Analyst Rating

Jacobs Engineering Group (JEC) : The consensus on Jacobs Engineering Group (JEC) based on 13 analyst recommendation on the company stock is 2.23, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Jacobs Engineering Group (JEC) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $65 and the lowest price target forecast is $51. The average forecast of all the analysts is $56 and the expected standard deviation is $3.97.


Also, Major Brokerage house, Johnson Rice downgrades its ratings on Jacobs Engineering Group (NYSE:JEC). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Accumulate rating on the shares. The rating by the firm was issued on August 11, 2016.

Jacobs Engineering Group (NYSE:JEC): After opening at $49.37, the stock dipped to an intraday low of $49.17 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $50.31 and the buying power remained strong till the end. The stock closed at $50.14 for the day, a gain of 1.70% for the day session. The total traded volume was 597,354. The stocks close on the previous trading day was $49.3.

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.

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