Analysts have been eager to weigh in on the Conglomerates sector with new ratings on JB Hunt (JBHT) and Jacobs Engineering (J).
JB Hunt (JBHT)
Barclays analyst Brandon Oglenski maintained a Hold rating on JB Hunt on October 19 and set a price target of $132.00. The company’s shares closed last Tuesday at $123.06.
According to TipRanks.com, Oglenski is a 4-star analyst with an average return of 5.8% and a 57.5% success rate. Oglenski covers the Industrial Goods sector, focusing on stocks such as Allegiant Travel Company, Expeditors International, and United Airlines Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for JB Hunt with a $135.20 average price target, implying an 8.5% upside from current levels. In a report issued on October 5, Morgan Stanley also maintained a Hold rating on the stock with a $115.00 price target.
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Jacobs Engineering (J)
Barclays analyst Adam Seiden maintained a Buy rating on Jacobs Engineering on October 19 and set a price target of $110.00. The company’s shares closed last Tuesday at $97.96, close to its 52-week high of $104.00.
According to TipRanks.com, Seiden is a 1-star analyst with an average return of -0.7% and a 42.5% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Aecom Technology, and Caterpillar.
Jacobs Engineering has an analyst consensus of Strong Buy, with a price target consensus of $111.83.
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