KeyBanc Maintains Their Buy Rating on Jacobs Engineering (JEC)


In a report released today, Tahira Afzal from KeyBanc maintained a Buy rating on Jacobs Engineering (JEC), with a price target of $103.00. The company’s shares closed last Monday at $93.52, close to its 52-week high of $94.44.

According to TipRanks.com, Afzal is a 4-star analyst with an average return of 5.6% and a 55.3% success rate. Afzal covers the Basic Materials sector, focusing on stocks such as Aecom Technology Corp, Fluor Corp, and MasTec.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Jacobs Engineering with a $94.80 average 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 GAAP net loss of $22.48 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).

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