Jacobs Engineering (JEC) Received its Third Buy in a Row


After Robert W. Baird and D.A. Davidson gave Jacobs Engineering (NYSE: JEC) a Buy rating last month, the company received another Buy, this time from Merrill Lynch. Analyst Anna Kaminskaya maintained a Buy rating on Jacobs Engineering today and set a price target of $90. The company’s shares opened today at $73.68, close to its 52-week high of $73.90.

Kaminskaya has an average return of 14.3% when recommending Jacobs Engineering.

According to TipRanks.com, Kaminskaya is ranked #2181 out of 4849 analysts.

Jacobs Engineering has an analyst consensus of Strong Buy, with a price target consensus of $81.43, which is a 10.5% upside from current levels. In a report released yesterday, Robert W. Baird also reiterated a Buy rating on the stock with a $82 price target.

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Jacobs Engineering’s market cap is currently $10.25B and has a P/E ratio of 38.73. The company has a Price to Book ratio of 1.73.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is neutral on the stock.

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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.

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