Truist Financial analyst Jamie Cook maintains $Jacobs Engineering (J.US)$ with a hold rating, and adjusts the target price from $139 to $137.
According to TipRanks data, the analyst has a success rate of 68.8% and a total average return of 14.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Jacobs Engineering (J.US)$'s main analysts recently are as follows:
The company's fiscal 2025 guidance was perceived as somewhat disappointing to investors, yet it appears to incorporate a level of conservatism in response to the ongoing cautious economic landscape. Despite the challenges in certain sectors, the company's strong backlog and robust overall bookings environment are anticipated to drive considerable sales growth in fiscal 2025.
Jacobs's Q4 results aligned closely with market expectations, and their F25 guidance was also consistent with analyst forecasts. Attention is now shifting to the investor day scheduled in February, where the company is expected to set medium-term targets and unveil its forward-looking strategy. This disclosure reflects analysts' view that the valuation multiple correctly represents Jacobs's prospects for organic growth.
The company's first quarter post-spin performance was noted as surprisingly clean, and its initial F2025 guidance aligns well with the expected mid to high single-digit organic growth projections.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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