In a report released yesterday, Andrew Wittmann from Robert W. Baird reiterated a Buy rating on Jacobs Engineering (JEC), with a price target of $77. The company’s shares opened today at $65.23.
According to TipRanks.com, Wittmann is a 3-star analyst with an average return of 3.1% and a 56.0% success rate. Wittmann covers the Basic Materials sector, focusing on stocks such as Aecom Technology Corp, Tetra Tech, and MasTec.
Jacobs Engineering has an analyst consensus of Strong Buy, with a price target consensus of $80.88, a 24.0% upside from current levels. In a report issued on January 28, Cowen & Co. also initiated coverage with a Buy rating on the stock with a $77 price target.
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Jacobs Engineering’s market cap is currently $9.67B and has a P/E ratio of 31.21. The company has a Price to Book ratio of 1.59.
Based on the recent corporate insider activity of 71 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 December 2018, Peter Robertson, a Director at JEC bought 4,000 shares for a total of $163,840.
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. It operates though the following segments: Aerospace and Technology, Buildings and Infrastructure, Industrial, and Petroleum and Chemicals.
