Jacobs Engineering (JEC) Gets a Buy Rating from Cowen & Co.

In a report released today, Lucy Guo from Cowen & Co. maintained a Buy rating on Jacobs Engineering (JEC), with a price target of $92. The company’s shares closed yesterday at $77.01.

Guo has an average return of 13.5% when recommending Jacobs Engineering.

According to TipRanks.com, Guo is ranked #2100 out of 5194 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Jacobs Engineering with a $86.17 average price target, an 11.9% upside from current levels. In a report issued on April 22, Robert W. Baird also maintained a Buy rating on the stock with a $85 price target.

See today’s analyst top recommended stocks >>

Jacobs Engineering’s market cap is currently $10.81B and has a P/E ratio of 36.85. The company has a Price to Book ratio of 1.88.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JEC in relation to earlier this year. Most recently, in February 2019, Linda Fayne Levinson, a Director at JEC bought 2,500 shares for a total of $92,200.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Jacobs Engineering Group, Inc. engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. Jacobs provides professional services through two lines of businesses: Buildings, Infrastructure, and Advanced Facilities (BIAF) and Aerospace, Technology, and Nuclear (ATN).