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

In a report released today, Lucy Guo from Cowen & Co. assigned a Buy rating to Jacobs Engineering (JEC), with a price target of $77. The company’s shares closed yesterday at $66.73.

Guo has an average return of 5.7% when recommending Jacobs Engineering.

According to TipRanks.com, Guo is ranked #2858 out of 5162 analysts.

Currently, the analyst consensus on Jacobs Engineering is a Strong Buy with an average price target of $80.14, implying a 20.1% upside from current levels. In a report issued on February 4, Citigroup also maintained a Buy rating on the stock with a $85 price target.

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Jacobs Engineering’s market cap is currently $9.49B and has a P/E ratio of 53.67. The company has a Price to Book ratio of 1.62.

Based on the recent corporate insider activity of 70 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.

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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.