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Jacobs Engineering (JEC) Catches Eye: Stock Jumps 6.8%


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Jacobs Engineering Group Inc.JEC was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $72 - $77.86 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company announced that it has inked a deal with WorleyParsons Limited to sell its Energy, Chemicals and Resources division for $3.3 billion.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Jacobs Engineering currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Jacobs Engineering Group Inc. Price

Jacobs Engineering Group Inc. Price | Jacobs Engineering Group Inc. Quote



Investors interested in the Engineering - R and D Services industry may consider Quanta Services, Inc. PWR , which has a Zacks Rank #2 (Buy). You can seeĀ  the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas , Stocks
Referenced Symbols: JEC , PWR



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