Were Analysts Bearish Jacobs Engineering Group Inc. (NYSE:JEC) This Week?

January 14, 2018 - By Peter Erickson

 Were Analysts Bearish Jacobs Engineering Group Inc. (NYSE:JEC) This Week?
Investors sentiment increased to 1.05 in 2017 Q3. Its up 0.20, from 0.85 in 2017Q2. It is positive, as 27 investors sold Jacobs Engineering Group Inc. shares while 149 reduced holdings. 53 funds opened positions while 131 raised stakes. 97.56 million shares or 2.93% less from 100.50 million shares in 2017Q2 were reported.
Utah Retirement has 0.03% invested in Jacobs Engineering Group Inc. (NYSE:JEC) for 21,891 shares. Laurion Mngmt Ltd Partnership has 0.02% invested in Jacobs Engineering Group Inc. (NYSE:JEC). Robeco Institutional Asset Bv owns 115,900 shares or 0.04% of their US portfolio. Northwest Invest Counselors Lc has 668 shares for 0.02% of their portfolio. Kentucky Retirement has invested 0.03% in Jacobs Engineering Group Inc. (NYSE:JEC). Natixis, France-based fund reported 61,389 shares. Alliancebernstein Lp stated it has 0.01% of its portfolio in Jacobs Engineering Group Inc. (NYSE:JEC). Madison Invest owns 801,030 shares for 0.83% of their portfolio. First Quadrant Ltd Partnership Ca, a California-based fund reported 302,358 shares. State Board Of Administration Of Florida Retirement Sys owns 0.03% invested in Jacobs Engineering Group Inc. (NYSE:JEC) for 172,668 shares. Long Road Inv Counsel Ltd Liability invested 0.21% of its portfolio in Jacobs Engineering Group Inc. (NYSE:JEC). Legal General Group Plc accumulated 0.03% or 742,258 shares. 2,903 were reported by Ameritas Prns. Canada Pension Plan Inv Board holds 202,276 shares. Commonwealth Equity invested in 11,540 shares or 0% of the stock.

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

Among 16 analysts covering Jacobs Engineering Group Inc. (NYSE:JEC), 5 have Buy rating, 0 Sell and 11 Hold. Therefore 31% are positive. Jacobs Engineering Group Inc. had 42 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Neutral” rating by DA Davidson given on Wednesday, November 16. Johnson Rice downgraded Jacobs Engineering Group Inc. (NYSE:JEC) on Thursday, August 11 to “Hold” rating. The rating was maintained by Robert W. Baird on Friday, November 10 with “Hold”. The firm has “Hold” rating given on Thursday, June 15 by Jefferies. Argus Research initiated it with “Hold” rating and $46 target in Thursday, April 28 report. The firm has “Buy” rating given on Friday, November 13 by Citigroup. Deutsche Bank maintained the shares of JEC in report on Wednesday, November 23 with “Hold” rating. KeyBanc Capital Markets maintained it with “Buy” rating and $60.0 target in Thursday, October 5 report. The stock of Jacobs Engineering Group Inc. (NYSE:JEC) has “Buy” rating given on Tuesday, September 1 by Standpoint Research. The stock of Jacobs Engineering Group Inc. (NYSE:JEC) earned “Hold” rating by Jefferies on Tuesday, December 13. Below is a list of Jacobs Engineering Group Inc. (NYSE:JEC) latest ratings and price target changes.

12/12/2017 Broker: Barclays Capital Rating: Buy New Target: $75.0 Initiate
28/11/2017 Broker: M Partners Rating: Hold New Target: $61.0
21/11/2017 Broker: Robert W. Baird Rating: Hold New Target: $69.0 Maintain
22/11/2017 Broker: DA Davidson Rating: Hold New Target: $68.0
21/11/2017 Broker: Jefferies Rating: Hold New Target: $60.0 Maintain
10/11/2017 Broker: Robert W. Baird Rating: Hold New Target: $63.0 Maintain
27/10/2017 Broker: Citigroup Rating: Neutral Old Target: $62 New Target: $64 Maintain
06/10/2017 Broker: Robert W. Baird Rating: Hold New Target: $63.0 Maintain
05/10/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $60.0 Maintain
04/09/2017 Broker: Robert W. Baird Rating: Hold New Target: $63.0 Maintain

The stock increased 0.09% or $0.06 during the last trading session, reaching $69.56. About 1.18 million shares traded or 48.68% up from the average. Jacobs Engineering Group Inc. (NYSE:JEC) has risen 8.36% since January 14, 2017 and is uptrending. It has underperformed by 8.34% the S&P500.

Jacobs Engineering Group Inc. provides technical, professional, and construction services. The company has market cap of $8.38 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 28.74 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 notable recent Jacobs Engineering Group Inc. (NYSE:JEC) news were published by: Seekingalpha.com which released: “Jacobs Engineering to conduct engineering study for chemical plant in Belgium …” on January 03, 2018, also Nasdaq.com with their article: “Jacobs Wins EPCM Contract for Khazzan Tight Gas Project” published on January 11, 2018, Nasdaq.com published: “Jacobs Engineering Group Reaches Analyst Target Price” on January 03, 2018. More interesting news about Jacobs Engineering Group Inc. (NYSE:JEC) were released by: Nasdaq.com and their article: “Jacobs Engineering (JEC) Up 2.5% Since Earnings Report: Can It Continue?” published on December 22, 2017 as well as Bizjournals.com‘s news article titled: “By completing CH2M merger, $15B Jacobs will bring hundreds of jobs to Dallas” with publication date: December 18, 2017.

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