Argus Starts Jacobs Engineering (JEC) at Hold

Argus initiates coverage on Jacobs Engineering (NYSE: JEC) with a Hold rating.

The analyst said the company continues to face both macroeconomic pressures and weakness in important end markets.

The firm is setting an FY16 adjusted EPS forecast of $3.00, down 8.0% from $3.26 in FY15, on a 5% decline in revenue. In FY17, they look for a 6.7% increase in EPS, to $3.20, on a 2% increase in revenue.

For an analyst ratings summary and ratings history on Jacobs Engineering click here. For more ratings news on Jacobs Engineering click here.

Shares of Jacobs Engineering closed at $44.95 yesterday.

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