Canaccord Genuity Maintains "Hold" on Jacobs Engineering (NYSE:JEC)

Citing performance expected to be in line with estimates, Canaccord Genuity reiterated their "Hold" rating on Jacobs Engineering (NYSE:JEC).

That includes the full year for 2011, as far as guidance estimates go.

"We reiterate our rating and target price on Jacobs shares after the company reported in-line Q4/F10 EPS of $0.61. Management gave initial F2011 EPS guidance of $2.30-2.80, the mid-point of which is in line with our $2.55 estimate and the current consensus estimate of $2.53...The tone on the conference call was more optimistic than on previous calls and management was positive on five of its eight end market segments."

Jacobs closed Wednesday at $40.25, gaining $0.30, or 0.75 a share. Canaccord has a price target of $43 on the company,