Jacobs Engineering Group Inc. recently announced that it has obtained the patented rights of Bayer AG’s (BAYRY - Free Report) BAYQIK quasi-isothermal sulfuric acid converter and other associated technology. The undisclosed value deal is expected to boost Jacobs’ Chemetics process technology solutions’ business in the near term.
Per the new patent agreement, Jacobs has secured all the technical, market and commercial information related to the technology. Moreover, Bayer would be offering its transitional services for ensuring seamless transfer of BAYQIK business to Jacobs.
BAYQIK technology would aid Jacobs to efficiently convert process gas with high sulfur dioxide (SO2) concentrations. Hence, acquisition of this technology would reinforce Jacobs’ portfolio for sulfuric acid technology. The company would now be able to offer premium state-of-the-art technology to both high and low strength SO2 market segments.
Share Price and Zacks Rank
Share price of the company stood at $52.69 per share as of Aug 31, 2016. We expect the aforesaid announcement to result in stock price movement in the near term.
Jacobs currently carries a Zacks Rank #3 (Hold). The company remains on track to boost its financials via new contracts, improved backlogs, greater operational efficiency and increased innovations. However, headwinds like a stronger U.S. dollar, robust industry competition and dismal pricing environment in the global mining and energy market raise concerns.
Stocks to Consider
Some better-ranked stocks within the industry include Willdan Group, Inc. (WLDN - Free Report) , and Boise Cascade Company (BCC - Free Report) . Both the companies hold a Zacks Rank #2 (Buy).
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Jacobs Engineering Group Inc. recently announced that it has obtained the patented rights of Bayer AG’s (BAYRY - Free Report) BAYQIK quasi-isothermal sulfuric acid converter and other associated technology. The undisclosed value deal is expected to boost Jacobs’ Chemetics process technology solutions’ business in the near term.
Per the new patent agreement, Jacobs has secured all the technical, market and commercial information related to the technology. Moreover, Bayer would be offering its transitional services for ensuring seamless transfer of BAYQIK business to Jacobs.
BAYQIK technology would aid Jacobs to efficiently convert process gas with high sulfur dioxide (SO2) concentrations. Hence, acquisition of this technology would reinforce Jacobs’ portfolio for sulfuric acid technology. The company would now be able to offer premium state-of-the-art technology to both high and low strength SO2 market segments.
Share Price and Zacks Rank
Share price of the company stood at $52.69 per share as of Aug 31, 2016. We expect the aforesaid announcement to result in stock price movement in the near term.
Jacobs currently carries a Zacks Rank #3 (Hold). The company remains on track to boost its financials via new contracts, improved backlogs, greater operational efficiency and increased innovations. However, headwinds like a stronger U.S. dollar, robust industry competition and dismal pricing environment in the global mining and energy market raise concerns.
Stocks to Consider
Some better-ranked stocks within the industry include Willdan Group, Inc. (WLDN - Free Report) , and Boise Cascade Company (BCC - Free Report) . Both the companies hold a Zacks Rank #2 (Buy).
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>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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