We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Jacobs Engineering's Contracts from Olin to Drive Growth
Read MoreHide Full Article
Jacobs Engineering Group Inc. recently clinched a multiple-year contract from Olin Corp. (OLN - Free Report) which underpins the company’s organic growth trajectory. Financial details of the deal have not been disclosed yet.
Olin Corporation is a renowned American manufacturer of chlorine, ammunition and sodium hydroxide. As per the lately received contract, Jacobs would be providing its premium engineering, procurement, and construction management (‘EPCM’) services to Olin Corporation’s chemical plants located in the Gulf coast of the United States.
Jacobs is one of the leading providers of technical services and construction solutions for diversified public, industrial and commercial clients worldwide. The company is well known for its non-imitable EPCM services. Jacobs provides its EPCM services for numerous facilities in Texas, Freeport, Plaquemine, St. Gabriel, Louisiana, McIntosh and Alabama.
Thus, the company’s competent EPCM services would likely make Olin Corporation’s ongoing projects fit-for-purpose and hence add value to the same.
Jacobs’ stock rallied roughly 2.1% since Oct 4 2016. We perceive that the aforesaid contract news might be a factor behind the upside.
Jacobs currently carries a Zacks Rank #3 (Hold). The company is constantly striving to boost its financials through new contracts, improved backlog, greater operational efficiency and increased innovation. However, a strong U.S. dollar, intense competition and a dismal pricing environment in the global mining and energy markets raise concern.
Stocks to Consider
Better-ranked stocks in the industry are listed below:
ACCO Brands Corporation (ACCO - Free Report) carries a Zacks Rank #2 (Buy). The company recorded an average earnings surprise of 23.96% for the last four quarters.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Jacobs Engineering's Contracts from Olin to Drive Growth
Jacobs Engineering Group Inc. recently clinched a multiple-year contract from Olin Corp. (OLN - Free Report) which underpins the company’s organic growth trajectory. Financial details of the deal have not been disclosed yet.
Olin Corporation is a renowned American manufacturer of chlorine, ammunition and sodium hydroxide. As per the lately received contract, Jacobs would be providing its premium engineering, procurement, and construction management (‘EPCM’) services to Olin Corporation’s chemical plants located in the Gulf coast of the United States.
Jacobs is one of the leading providers of technical services and construction solutions for diversified public, industrial and commercial clients worldwide. The company is well known for its non-imitable EPCM services. Jacobs provides its EPCM services for numerous facilities in Texas, Freeport, Plaquemine, St. Gabriel, Louisiana, McIntosh and Alabama.
Thus, the company’s competent EPCM services would likely make Olin Corporation’s ongoing projects fit-for-purpose and hence add value to the same.
Zacks Rank and Share Price
JACOBS ENGIN GR Price
JACOBS ENGIN GR Price | JACOBS ENGIN GR Quote
Jacobs’ stock rallied roughly 2.1% since Oct 4 2016. We perceive that the aforesaid contract news might be a factor behind the upside.
Jacobs currently carries a Zacks Rank #3 (Hold). The company is constantly striving to boost its financials through new contracts, improved backlog, greater operational efficiency and increased innovation. However, a strong U.S. dollar, intense competition and a dismal pricing environment in the global mining and energy markets raise concern.
Stocks to Consider
Better-ranked stocks in the industry are listed below:
Berry Plastics Group, Inc. (BERY - Free Report) currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here, the company reported a positive average earnings surprise of 13.97%.
ACCO Brands Corporation (ACCO - Free Report) carries a Zacks Rank #2 (Buy). The company recorded an average earnings surprise of 23.96% for the last four quarters.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>