Citigroup Issues Pessimistic Forecast for Jacobs Solutions (NYSE:J) Stock Price

Jacobs Solutions (NYSE:J) had its price objective reduced by stock analysts at Citigroup from $166.00 to $161.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 18.54% from the company’s current price.

J has been the topic of several other reports. Robert W. Baird raised their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group upped their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. StockNews.com initiated coverage on Jacobs Solutions in a research report on Monday. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada upped their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.89.

Jacobs Solutions Stock Performance

J opened at $135.82 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.14. The company has a market capitalization of $16.88 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.04 and a beta of 0.71. The business has a fifty day simple moving average of $142.25 and a 200 day simple moving average of $142.37. Jacobs Solutions has a 1 year low of $100.59 and a 1 year high of $150.54.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same period in the previous year, the firm posted $1.90 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Research analysts expect that Jacobs Solutions will post 6 EPS for the current year.

Insider Buying and Selling

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the sale, the director now directly owns 42,069 shares of the company’s stock, valued at $6,346,108.65. The trade was a 4.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the transaction, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The trade was a 14.50 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jacobs Solutions

A number of institutional investors have recently made changes to their positions in J. EdgeRock Capital LLC acquired a new stake in shares of Jacobs Solutions during the second quarter worth $26,000. Bruce G. Allen Investments LLC raised its position in shares of Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 74 shares during the period. Quarry LP boosted its position in shares of Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after purchasing an additional 233 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in Jacobs Solutions during the first quarter worth approximately $48,000. Institutional investors own 85.65% of the company’s stock.

About Jacobs Solutions

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.