Stock of the Day: Could Jacobs Engineering Group Inc Go Down After Achieving 52-Week High?

Stock of the Day: Could Jacobs Engineering Group Inc Go Down After Achieving 52 Week High?

The stock of Jacobs Engineering Group Inc (NYSE:JEC) hit a new 52-week high and has $64.62 target or 4.00% above today’s $62.13 share price. The 5 months bullish chart indicates low risk for the $7.56 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $64.62 price target is reached, the company will be worth $302.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 857,742 shares traded hands. Jacobs Engineering Group Inc (NYSE:JEC) has risen 42.56% since April 25, 2016 and is uptrending. It has outperformed by 36.55% the S&P500.

Jacobs Engineering Group Inc (NYSE:JEC) Ratings Coverage

Out of 13 analysts covering Jacobs Engineering Group Inc. (NYSE:JEC), 5 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 38% are positive. Jacobs Engineering Group Inc. has been the topic of 24 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Accumulate” rating by Johnson Rice given on Monday, May 9. The company was maintained on Wednesday, August 10 by Deutsche Bank. The stock of Jacobs Engineering Group Inc (NYSE:JEC) earned “Mkt Perform” rating by FBR Capital on Friday, August 12. The stock of Jacobs Engineering Group Inc (NYSE:JEC) earned “Buy” rating by Argus Research on Friday, June 3. Standpoint Research upgraded Jacobs Engineering Group Inc (NYSE:JEC) rating on Tuesday, September 1. Standpoint Research has “Buy” rating and $48 price target. The rating was maintained by Deutsche Bank on Wednesday, November 23 with “Hold”. Argus Research initiated it with “Hold” rating and $46 target price in Thursday, April 28 report. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, November 23. The firm has “Neutral” rating by DA Davidson given on Wednesday, November 16. The stock of Jacobs Engineering Group Inc (NYSE:JEC) has “Buy” rating given on Tuesday, July 26 by Citigroup.

According to Zacks Investment Research, “Jacobs Engineering Group Inc. is one of the largest professional service firms in the United States providing engineering, design and consulting services; construction and construction management services; and process plant maintenance services to a broad range of industrial, commercial and governmental clients. The Company provides its services through offices and subsidiaries located throughout the United States, the United Kingdom and Ireland, as well as through affiliated entities located throughout Europe and India.”

Insitutional Activity: The institutional sentiment decreased to 0.86 in 2016 Q2. Its down 0.27, from 1.13 in 2016Q1. The ratio worsened, as 37 funds sold all Jacobs Engineering Group Inc shares owned while 136 reduced positions. 67 funds bought stakes while 128 increased positions. They now own 102.39 million shares or 6.20% less from 109.16 million shares in 2016Q1.
Moreover, Rhumbline Advisers has 0.02% invested in Jacobs Engineering Group Inc (NYSE:JEC) for 160,418 shares. Roberts Glore & Commerce Inc Il reported 4,460 shares or 0.17% of all its holdings. Glenmede Tru Na, a Pennsylvania-based fund reported 39,898 shares. Halsey Inc Ct reported 157,730 shares or 1.75% of all its holdings. Tower Bridge Advsrs accumulated 0% or 133,516 shares. The New York-based Teachers Inc has invested 0.02% in Jacobs Engineering Group Inc (NYSE:JEC). Comerica State Bank holds 0.02% or 36,690 shares in its portfolio. Waters Parkerson And Company last reported 188,474 shares in the company. Caxton Associate Limited Partnership last reported 0.38% of its portfolio in the stock. Cornerstone Advsrs has invested 0.01% of its portfolio in Jacobs Engineering Group Inc (NYSE:JEC). Wheatland Advsr last reported 0.3% of its portfolio in the stock. Cacti Asset Mngmt Limited Liability reported 756,880 shares or 4.03% of all its holdings. State Board Of Administration Of Florida Retirement System holds 178,856 shares or 0.03% of its portfolio. Hsbc Holding Public Ltd Company owns 183,071 shares or 0.02% of their US portfolio. Leavell Management has 5,475 shares for 0.04% of their US portfolio.

Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 3 sales for $7.75 million net activity. Another trade for 66,668 shares valued at $3.45M was sold by WATSON NOEL G. HAGEN TERENCE D also sold $1.02M worth of Jacobs Engineering Group Inc (NYSE:JEC) shares.

More important recent Jacobs Engineering Group Inc (NYSE:JEC) news were published by: Businesswire.com which released: “Jacobs Engineering Group Inc. Reports Earnings for Fiscal 2016” on November 22, 2016, also Forbes.com published article titled: “Jacobs Engineering Group Stock Sees Short Interest Increase 18.4%”, Fool.com published: “Why Jacobs Engineering Group Scored an 11% Win Today” on November 09, 2016. More interesting news about Jacobs Engineering Group Inc (NYSE:JEC) was released by: Nasdaq.com and their article: “Jacobs Engineering Group Reaches Analyst Target Price” with publication date: November 11, 2016.

JEC Company Profile

Jacobs Engineering Group Inc., incorporated on January 8, 1987, is a technical professional services company. The Firm provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services. The Firm operates four lines of business (LOBs): Petroleum and Chemicals; Buildings and Infrastructure; Aerospace and Technology, and Industrial. It caters its services to various sectors, such as gas and oil exploration, production and refining; chemicals and polymers; programs for various national governments, including aerospace, defense, and environmental programs; buildings (including specialized buildings for clients operating in the fields of healthcare, education, and high technology; governmental complexes; other specialized civic and mission critical buildings, installations, and laboratories; and retail and commercial buildings); infrastructure and telecommunications; mining and minerals; pharmaceuticals and biotechnology; power; pulp and paper; technology and manufacturing, and food and consumer products.

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