Robert W. Baird Thinks Jacobs Engineering’s Stock is Going to Recover

By Carrie Williams

In a report released today, Andrew Wittmann from Robert W. Baird reiterated a Buy rating on Jacobs Engineering (JECResearch Report), with a price target of $73. The company’s shares closed on Friday at $59.52, close to its 52-week low of $55.17.

According to TipRanks.com, Wittmann is a 2-star analyst with an average return of 0.1% and a 49.5% success rate. Wittmann covers the Basic Materials sector, focusing on stocks such as Aecom Technology Corp, Quanta Services, and Fluor Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Jacobs Engineering with a $83.25 average price target.

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Jacobs Engineering’s market cap is currently $8.46B and has a P/E ratio of 47.87. The company has a Price to Book ratio of 1.45.

Based on the recent corporate insider activity of 69 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.