UBS Believes Jacobs Engineering (NYSE: JEC) Won’t Stop Here

By Carrie Williams

In a report released today, Steven Fisher from UBS maintained a Buy rating on Jacobs Engineering (NYSE: JEC), with a price target of $85. The company’s shares opened today at $73.68, close to its 52-week high of $73.90.

According to TipRanks.com, Fisher is ranked #4208 out of 4849 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Jacobs Engineering with a $80.83 average price target, representing a 9.7% upside. In a report released yesterday, Robert W. Baird also reiterated a Buy rating on the stock with a $82 price target.

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Jacobs Engineering’s market cap is currently $10.25B and has a P/E ratio of 38.73. The company has a Price to Book ratio of 1.73.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is neutral on the stock.

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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. It operates though the following segments: Aerospace and Technology, Buildings and Infrastructure, Industrial, and Petroleum and Chemicals.