With 24.73% Distance From Low, Is Jacobs Engineering Group Inc. (NYSE:J) Still Renewed For Growth? – Marketing Sentinel
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With 24.73% Distance From Low, Is Jacobs Engineering Group Inc. (NYSE:J) Still Renewed For Growth?

In last trading session, Jacobs Engineering Group Inc. (NYSE:J) saw 0.35 million shares changing hands with its beta currently measuring 0.80. Company’s recent per share price level of $132.92 trading at -$1.26 or -0.94% at ring of the bell on the day assigns it a market valuation of $17.42B. That closing price of J’s stock is at a discount of -12.51% from its 52-week high price of $149.55 and is indicating a premium of 24.73% from its 52-week low price of $100.05. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.56 million shares which gives us an average trading volume of 563.54K if we extend that period to 3-months.

For Jacobs Engineering Group Inc. (J), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.70. Splitting up the data highlights that, out of 16 analysts covering the stock, 0 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 12 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $1.59 in the current quarter.

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Jacobs Engineering Group Inc. (NYSE:J) trade information

Upright in the red during last session for losing -0.94%, in the last five days J remained trading in the red while hitting it’s week-highest on Monday, 01/10/22 when the stock touched $132.92 price level, adding 2.89% to its value on the day. Jacobs Engineering Group Inc.’s shares saw a change of -4.53% in year-to-date performance and have moved -3.11% in past 5-day. Jacobs Engineering Group Inc. (NYSE:J) showed a performance of -5.11% in past 30-days. Number of shares sold short was 1.15 million shares which calculate 1.87 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $162.92 to the stock, which implies a rise of 18.41% to its current value. Analysts have been projecting $149.00 as a low price target for the stock while placing it at a high target of $175.00. It follows that stock’s current price would drop -31.66% in reaching the projected high whereas dropping to the targeted low would mean a loss of -12.1% for stock’s current value.

Jacobs Engineering Group Inc. (J) estimates and forecasts

Statistics highlight that Jacobs Engineering Group Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 3.38% of value to its shares in past 6 months, showing an annual growth rate of 13.04% while that of industry is 30.00. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 12.80% in the current quarter and calculating 7.20% increase in the next quarter. This year revenue growth is estimated to rise 9.10% from the last financial year’s standing.

9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.51 billion for the same. And 9 analysts are in estimates of company making revenue of $3.73 billion in the next quarter that will end on Mar 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 12.50% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 17.10% while estimates for its earnings growth in next 5 years are of 13.03%.

J Dividends

Jacobs Engineering Group Inc. is more likely to be releasing its next quarterly report between February 07 and February 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Jacobs Engineering Group Inc. (NYSE:J)’s Major holders

Insiders are in possession of 0.83% of company’s total shares while institution are holding 87.00 percent of that, with stock having share float percentage of 87.73%. Investors also watch the number of corporate investors in a company very closely, which is 87.00% institutions for Jacobs Engineering Group Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at J for having 13.83 million shares of worth $1.83 billion. And as of Sep 29, 2021, it was holding 10.69% of the company’s outstanding shares.

The second largest institutional holder is State Street Corporation, which was holding about 8.44 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 6.52% of outstanding shares, having a total worth of $1.12 billion.

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On the other hand, American Balanced Fund and Growth Fund Of America Inc are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 3.9 million shares of worth $516.87 million or 3.01% of the total outstanding shares. The later fund manager was in possession of 3.85 million shares on Sep 29, 2021, making its stake of worth around $509.81 million in the company or a holder of 2.97% of company’s stock.

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