Jacobs Engineering Group Inc. (NYSE:JEC) added 0.47% and closed its last session at $62.01. The stock has the market capitalization of $7.49 Billion with the total outstanding shares of 120.75 Million. Jacobs Engineering Group Inc.. has Analysts’ Mean Recommendation of 2.33 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 35.76 for trailing twelve months while its Forward P/E is 17.57.

Jacobs Engineering Group Inc. (NYSE:JEC) touched its 52-Week High of $63.42 on Nov 30, 2016 while it’s 52-Week Low of $34.76 on Feb 11, 2016. The company currently has Return on Assets of 2.8 percent, Return on Equity of 4.8% and Return on Investment of 4.8 percent. The stock currently showing Weekly Volatility of 2.22%% and Monthly Volatility of 2.54% Percent with Average True Range of 1.4 and Beta of 1.7.

The 12 analysts offering 12-month price forecasts for Jacobs Engineering Group Inc have a median target of 55.50, with a high estimate of 63.00 and a low estimate of 34.00. The median estimate represents a -10.50% decrease from the last price of 62.01.

Press Release:

The Company on 30 November reported it has received a contract to complete a feasibility study for a propane dehydrogenation (PDH) plant located at the existing Borealis production site in Kallo, Belgium.

As part of the study, Jacobs is preparing a front-end-loading stage 2 (FEL-2) conceptual design package for the outside battery limit areas of the plant and is complementing the process design package for the inside battery limit areas of the plant being prepared by Borealis’ technology provider. The study is slated for completion by mid-2017.

When complete, the new PDH will have a targeted annual production capacity of 740 kilotons per annum, making it one of the largest and most efficient facilities in the world.

Company Profile:

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.

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