Jacobs Engineering Group Inc. declared that it has been selected as a member of the prestigious Fulton Hogan Seymour Whyte Joint Venture (‘FHSW JV’) by the Department of Transport and Main Roads of Queensland. The newly secured role in the valuable transport project of Australia and Queensland would boost the company’s organic growth.
FHSW JV is a $860 million transportation project, framed to improve the linkage between Sunshine Motorway and Caloundra Road, in Queensland, Australia. The project involves construction of six additional lanes between the two locations and is regarded as one of the chief road projects of Queensland. This project is framed to bring down traffic congestion and enhance safety of transporters in the region. The major construction activities related to the project would commence from the mid 2017 and are programmed to be completed by late 2020.
Apart from Jacobs, Seymour Whyte Group, Arup Group and Fulton Hogan have also secured roles in the FHSW JV project. Jacobs and Arup Group would be offering designing services in the project.
Share Price and Zacks Rank
Jacobs currently carries a Zacks Rank #4 (Sell). Headwinds like a strong U.S. dollar, robust industry competition and dismal pricing environment in the global mining and energy sector have been weighing over the company’s growth prospects at present.
Share price of the company was $50.75 per share as of Nov 1, 2016.
Stocks to Consider
Some better-ranked stocks within the industry that warrant a look include:
Argan, Inc. (AGX - Free Report) currently sports a Zacks Rank #1 (Strong Buy) and has an average positive earnings surprise of 13.26% over the four trailing quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.
CEMEX, S.A.B. de C.V. (CX - Free Report) currently carries a Zacks Rank #2 (Buy) and has an average positive earnings surprise of 23.22% over the last four quarters.
DR Horton Inc. (DHI - Free Report) currently carries a Zacks Rank #2 and has an average positive earnings surprise of 3.47% over the trailing 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>>
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 >>
Jacobs Engineering Group Inc. declared that it has been selected as a member of the prestigious Fulton Hogan Seymour Whyte Joint Venture (‘FHSW JV’) by the Department of Transport and Main Roads of Queensland. The newly secured role in the valuable transport project of Australia and Queensland would boost the company’s organic growth.
FHSW JV is a $860 million transportation project, framed to improve the linkage between Sunshine Motorway and Caloundra Road, in Queensland, Australia. The project involves construction of six additional lanes between the two locations and is regarded as one of the chief road projects of Queensland. This project is framed to bring down traffic congestion and enhance safety of transporters in the region. The major construction activities related to the project would commence from the mid 2017 and are programmed to be completed by late 2020.
Apart from Jacobs, Seymour Whyte Group, Arup Group and Fulton Hogan have also secured roles in the FHSW JV project. Jacobs and Arup Group would be offering designing services in the project.
Share Price and Zacks Rank
Jacobs currently carries a Zacks Rank #4 (Sell). Headwinds like a strong U.S. dollar, robust industry competition and dismal pricing environment in the global mining and energy sector have been weighing over the company’s growth prospects at present.
Share price of the company was $50.75 per share as of Nov 1, 2016.
Stocks to Consider
Some better-ranked stocks within the industry that warrant a look include:
Argan, Inc. (AGX - Free Report) currently sports a Zacks Rank #1 (Strong Buy) and has an average positive earnings surprise of 13.26% over the four trailing quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.
CEMEX, S.A.B. de C.V. (CX - Free Report) currently carries a Zacks Rank #2 (Buy) and has an average positive earnings surprise of 23.22% over the last four quarters.
DR Horton Inc. (DHI - Free Report) currently carries a Zacks Rank #2 and has an average positive earnings surprise of 3.47% over the trailing 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>>
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 >>
Get the latest research report on CX - FREE
Get the latest research report on DHI - FREE
Get the latest research report on AGX - FREE