Back to top

Analyst Blog

The San Francisco Bay Area Rapid Transit (BART) awarded Jacobs Engineering Group Inc. (JEC - Analyst Report) a contract to deliver on-call construction management services. The contract extends its support to the agency’s Capital Improvement Program. Jacobs will be liable for the delivery of design-bid-build, design-build and procurement projects, valued at $20 million.

Per the contract, Jacobs’s services include resident, field and office engineering services; hazard analysis and safety certification, material testing, noise and vibration monitoring and data analysis, cost and schedule management, coordination with other agencies; and claims management. The duration of the contract is expected to be five years.

According to the Jacobs Group Vice President, Kevin McMahon, the project will help improve the quality of life for residents across the region. BART is believed to be the fifth-busiest rapid transit system in the US, carrying roughly 350,000 passengers weekly, on an average.

On the same day, Jacobs won a contract from Santos GLNG Project in Australia with the terms of providing support for coal seam gas field development.

The contract value is undisclosed, with a duration of three and a half years along with an extension option of a year. The project is an initiation by the GLNG Operations, which is a joint venture between Australia’s popular domestic gas producer Santos, and PETRONAS, Total, and KOGAS, who are renowned in the world energy market.

Jacobs is responsible to provide commissioning and start up management support for the transition of facilities into sustainable operations. Along with the services, Jacobs is responsible for maintaining community and environmental regulations.

We currently maintain a Neutral recommendation on Jacobs. The stock also bears a Zacks #3 Rank, which implies a short-term (1-3 months) Hold rating. The company competes against industry players including Fluor Corporation (FLR - Analyst Report), holding a Zacks #4 Rank implying a short-term (1-3 months) Sell rating and Foster Wheeler AG (FWLT - Analyst Report), holding a Zacks #3 Rank.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%
STRATTEC SE… STRT 80.24 +3.00%