Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Jacobs Engineering (JEC) today and set a price target of $92. The company’s shares closed last Monday at $83.68, close to its 52-week high of $86.43.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 11.8% and a 66.4% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Albany International Corp, L3Harris Technologies Inc, and Transdigm Group Inc.
Currently, the analyst consensus on Jacobs Engineering is a Strong Buy with an average price target of $94.80, a 13.1% upside from current levels. In a report issued on August 6, Credit Suisse also maintained a Buy rating on the stock with a $100 price target.
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Based on Jacobs Engineering’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $394 million. In comparison, last year the company had a net profit of $150 million.
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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. Jacobs provides professional services through two lines of businesses: Buildings, Infrastructure, and Advanced Facilities (BIAF) and Aerospace, Technology, and Nuclear (ATN).
