Jacobs Engineering Group Inc. (J) PT Raised to $150 at Cowen Following Earnings

May 11, 2021 5:59 PM EDT
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Price: $135.25 -0.93%

Rating Summary:
    4 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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Cowen analyst Gautam Khanna raised the price target on Jacobs Engineering Group Inc. (NYSE: J) to $150.00 (from $137.00) while maintaining an Outperform rating.

The analyst commented, "We have updated our model for J's FQ2 print, with modest changes to our F21 EPS estimates and introduction of F22 estimates reflecting better than expected initial accretion from the PA Consulting acquisition. We are increasing our PT to $150 (16.0x F22E EV/EBITDA)."

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