Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Jacobs Engineering Group Inc. (JEC - Analyst Report), a construction services provider, recently received a contract from China-based company, Jiangsu Sailboat Petrochemical Co. Ltd. for designing a sulfuric acid plant for an undisclosed amount. The plant is based in Lianyungang, Jiangsu.

Jacobs will supply complete designing as well as technical advisory services for the construction and commissioning of the plant. Per the terms of the contract, the plant will be the first regeneration facility in China to use Jacobs’ proprietary SAR (Sulfuric Acid Regeneration) and SAC (Sulfuric Acid Concentration) technologies, resulting in lower energy requirements for the plant.

This contract, however, is not the first one relating to the sulfuric acid plants. Prior to this, in late October last year, Jacobs inked an agreement with India-based Paradeep Phosphates Limited, for the use of project management consultancy (PMC) services in the sulfuric acid plant based in the country. With an undisclosed value, the project was supposed to last for 24 months.

Jacobs has been apt at achieving a good number of projects, while showing equal efficiency in implementing them. This week Jacobs was awarded the 2012 Best Civil Works/Infrastructure Award from Engineering News-Record (ENR). The award relates to its operations at the Yellow River Water Reclamation Facility, which was worth $245.0 million, and was completed 12 months prior to the expected duration. Jacobs provided engineering and construction services for the same.

Jacobs currently holds a Zacks Rank #2 (Buy). Other stocks worth a look in the services industry are AECOM Technology Corporation (ACM - Analyst Report), Tyco International (TYC - Analyst Report) and Mistras Group Inc. (MG - Snapshot Report); each of these also hold a Zacks Rank #2 (Buy).

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

Learn more

Start for as little as $4.50 per trade.

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
DIXIE GROUP DXYN 15.84 +7.90%
BOFL HOLDING BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%