Jacobs Solutions (NYSE:J) PT Raised to $169.00 at Citigroup

Jacobs Solutions (NYSE:J) had its target price lifted by equities research analysts at Citigroup from $161.00 to $169.00 in a report released on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 16.83% from the stock’s previous close.

J has been the topic of several other research reports. Bank of America upped their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Argus lifted their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Royal Bank of Canada increased their price target on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. KeyCorp started coverage on Jacobs Solutions in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Finally, Truist Financial began coverage on Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 price objective on the stock. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $144.65 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $18.18 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.73. The firm has a fifty day moving average price of $147.62 and a two-hundred day moving average price of $137.78. Jacobs Solutions has a fifty-two week low of $109.00 and a fifty-two week high of $154.50.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.56 by $0.46. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The firm had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the prior year, the firm posted $1.67 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Analysts expect that Jacobs Solutions will post 8.07 EPS for the current year.

Insider Activity at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the transaction, the insider now directly owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $1,072,400.00. Following the sale, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the transaction, the executive vice president now owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,838 shares of company stock valued at $2,393,710. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jacobs Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in J. Wealth Advisory Solutions LLC bought a new stake in shares of Jacobs Solutions in the 1st quarter valued at about $212,000. WASHINGTON TRUST Co increased its position in Jacobs Solutions by 0.4% during the first quarter. WASHINGTON TRUST Co now owns 117,001 shares of the company’s stock worth $17,987,000 after buying an additional 481 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in Jacobs Solutions in the first quarter valued at approximately $5,257,000. Cigna Investments Inc. New acquired a new stake in shares of Jacobs Solutions in the first quarter valued at approximately $202,000. Finally, Strategic Blueprint LLC boosted its stake in shares of Jacobs Solutions by 26.4% during the 1st quarter. Strategic Blueprint LLC now owns 3,627 shares of the company’s stock worth $558,000 after acquiring an additional 757 shares during the period. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Company Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.