Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Jacobs Engineering (J) and Hafnia (HFIAF).
Jacobs Engineering (J)
Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Jacobs Engineering on April 15 and set a price target of $137.00. The company’s shares closed last Monday at $133.25, close to its 52-week high of $136.19.
According to TipRanks.com, Rumohr is a 4-star analyst with an average return of 6.0% and a 64.6% success rate. Rumohr covers the Technology sector, focusing on stocks such as Raytheon Technologies, Smith & Wesson Brands, and L3Harris Technologies.
Jacobs Engineering has an analyst consensus of Strong Buy, with a price target consensus of $143.88, implying a 7.1% upside from current levels. In a report issued on April 5, Merrill Lynch also maintained a Buy rating on the stock with a $150.00 price target.
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In a report released yesterday, Joakim Hannisdahl from Cleaves Securities maintained a Hold rating on Hafnia, with a price target of NOK19.00. The company’s shares closed last Thursday at $1.60.
According to TipRanks.com, Hannisdahl is a 5-star analyst with an average return of 16.4% and a 61.4% success rate. Hannisdahl covers the Industrial Goods sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.
Currently, the analyst consensus on Hafnia is a Hold with an average price target of $2.26.
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