Jacobs Engineering: Investor Day Highlights Management's Aggressive Restructuring and Repositioning
No-moat Jacobs has taken decisive action to restructure and reposition itself amid the prolonged downturn in engineering and construction demand tied to persistently weak energy and commodity prices. This was apparent throughout its investor day presentation on Dec. 1, the first such investor event for Jacobs in many years.We maintain our $45 per share fair value estimate, which compares with a share price of roughly $60 and year-to-date price appreciation of roughly 45%. We believe the current...
Jacobs Engineering Group provides services including consulting, technical, scientific and project delivery for the government and private sector. The company's lines of business are: Critical Mission Solutions, which provides cybersecurity, data analytics, software application development, enterprise and mission information technology, systems integration and other technical consulting solutions to government agencies as well as aerospace, automotive and telecom customers; and People and Places Solutions, which provides end-to-end solutions for its clients' projects, whether connected mobility, water, smart cities, manufacturing or the environment.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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