Why Jacobs Engineering Group Inc. (NYSE:JEC) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $54.06 on Jacobs Engineering Group Inc. (NYSE:JEC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.08 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Jacobs Engineering Group Inc. (NYSE:JEC) stands at 31.15.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Jacobs Engineering Group Inc. C, the PEG ratio for coming 3-5 years is 2.31.

Technical Analysis

The technical analysis highlights that Jacobs Engineering Group Inc. C current is trading $0.78 points away or +1.48% from its 50-day moving average of $52.95. Further it is trading $7.00 or +14.98% away its 200-day moving average of $46.73.

The 52-week high of Jacobs Engineering Group Inc. (NYSE:JEC) was $55.89 while lowest point recorded in 52-week was $34.76. It implies if stock price makes a movement of over $-2.16, it will record a new 52-week high. In the case of +54.57% drop, it will touch a new 52-week low.

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