Seaport Global Remains a Buy on Jacobs Engineering (JEC)


In a report released today, Justin Cable from Seaport Global reiterated a Buy rating on Jacobs Engineering (JEC), with a price target of $86. The company’s shares closed yesterday at $66.73.

According to TipRanks.com, Cable is ranked #1088 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 January 28, Cowen & Co. also initiated coverage with a Buy rating on the stock with a $77 price target.

See today’s analyst top recommended stocks >>

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.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts