Trump Stocks to Watch: Jacobs Engineering (JEC)
YTD Gains: 99.9%
52-Week Performance: 179.6%
Price Target: $58.66
Jacobs Engineering Group Inc (NYSE:JEC) has been among the most visible beneficiaries of the “Trump Bump” because of its role managing huge infrastructure projects. Moreover, the company is benefiting from a two-year restructuring plan and recently began paying a dividend.
However, the company’s Petroleum and Chemicals business, its largest, has struggled with low oil prices and will be a drag on its earnings for a while.
Verdict: JEC flies under the radar of both the media and Wall Street analysts, which in this case is a good thing. However, the “good news” appears to be factored into the stock price, so there is no sense of urgency to buy the shares absent a significant pullback.