Jacobs Solutions (NYSE:J) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Jacobs Solutions (NYSE:J) in a research report sent to investors on Tuesday morning. The firm issued a buy rating on the stock.

Several other equities analysts have also weighed in on the stock. Royal Bank of Canada reduced their price target on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. UBS Group increased their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Citigroup lowered their price target on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Robert W. Baird increased their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research report on Friday, October 4th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and an average price target of $156.50.

Jacobs Solutions Trading Down 0.2 %

Shares of J stock opened at $140.96 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.20. The company has a market capitalization of $17.47 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.13 and a beta of 0.71. Jacobs Solutions has a 52-week low of $104.90 and a 52-week high of $150.54. The company has a 50-day simple moving average of $141.51 and a two-hundred day simple moving average of $142.33.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 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 for the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the previous year, the business posted $1.90 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. Research analysts anticipate that Jacobs Solutions will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s payout ratio is currently 18.33%.

Institutional Trading of Jacobs Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EdgeRock Capital LLC purchased a new position in Jacobs Solutions during the second quarter valued at approximately $26,000. Bruce G. Allen Investments LLC boosted its holdings in Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. First Horizon Advisors Inc. grew its position in shares of Jacobs Solutions by 44.3% during 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 in the last quarter. Quarry LP increased its holdings in shares of Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after purchasing an additional 233 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Jacobs Solutions in the third quarter worth $42,000. 85.65% of the stock is currently owned by institutional investors.

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.