Jacobs Engineering Group Inc. (JEC) is one of the leading providers of professional, technical and construction services to industrial, commercial and governmental clients. The company’s ongoing acquisition strategy will help it to strengthen its position in future.
However, the very cyclical nature of its business, as well as its heavy dependence on third parties, is discouraging. The company also faces immense risks as it operates in a highly-competitive environment.
Thus, we maintain our Underperform rating on the stock. Our 6-month target price is $38.00 per share.Zacks Investment Research
