Jacobs Engineering Group Inc. (JEC - Analyst Report) recently secured a new security consulting service contract from the premium Australian oil & gas company, Woodside Energy Ltd., for an undisclosed sum. The deal further reinforces Jacobs’ organic growth strategy.
As per the newly received contract, Jacobs would be providing appropriate security consulting services in Woodside’s headquarters in the Capital Square progress in Perth, Western Australia. Jacobs would deliver highly connected security services for Woodside. The security trials would be integrated and interconnected across all the buildings of Woodside in the Capital Square zone. The project would be commanded by Jacob’s Perth security consulting workforce.
The security related elements of the project are anticipated to be accomplished by early 2018.
Zacks Rank and Share Price
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 strong U.S. dollar, robust industry competition and dismal pricing environment in the global mining and energy market raise concerns. Share price of the company was $50.75 per share as of Sep 27, 2016.
Stocks to Consider
Some better-ranked stocks within the industry are listed below:
Cotiviti Holdings, Inc. (COTV - Snapshot Report) presently sports a Zacks Rank #1 (Strong Buy). Over the last 60 days, the Zacks Consensus Estimate for the stock has been revised upward by 10.4% for 2016 and 5.8% for 2017. You can see the complete list of today’s Zacks #1 Rank stocks here.
Willdan Group, Inc. (WLDN - Snapshot Report) and Smiths Group plc (SMGZY - Snapshot Report) currently carry a Zacks Rank #2 (Buy). While the Zacks Consensus Estimate for Willdan Group has been revised upward by 14.9% for 2016 and 16.7% for 2017 over the last 60 days, it has been revised upward for Smiths Group plc by 1.9% for fiscal 2016 and 1.8% for fiscal 2017 over the same time period.
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