Jacobs Engineering Group Upgraded to Buy by UBS AG (JEC)
Jacobs Engineering Group (NYSE:JEC) was upgraded by stock analysts at UBS AG from a “neutral” rating to a “buy” rating in a report issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $75.00 price target on the stock, up from their previous price target of $60.00. UBS AG’s price target would suggest a potential upside of 16.55% from the company’s current price.
Jacobs Engineering Group (NYSE:JEC) traded up 0.96% during mid-day trading on Monday, hitting $64.34. The stock had a trading volume of 1,453,313 shares. Jacobs Engineering Group has a 52 week low of $44.50 and a 52 week high of $64.27. The stock’s 50-day moving average is $60.2 and its 200-day moving average is $59.39. The company has a market cap of $8.474 billion and a price-to-earnings ratio of 19.73.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird upgraded shares of Jacobs Engineering Group from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 2nd. They now have a $74.00 price target on the stock, up previously from $67.00. Separately, analysts at Stephens initiated coverage on shares of Jacobs Engineering Group in a research note to investors on Thursday, December 19th. They set an “overweight” rating on the stock. Finally, analysts at Zacks upgraded shares of Jacobs Engineering Group from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, November 25th. They now have a $72.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $65.57.
Jacobs Engineering Group Inc is a technical professional services firm. The Company provides a diverse range of technical, professional, and construction services to a number of industrial, commercial, and governmental clients.
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