Jacobs Solutions (NYSE:J) Given New $166.00 Price Target at Citigroup

Jacobs Solutions (NYSE:J) had its target price increased by analysts at Citigroup from $138.60 to $166.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 16.65% from the stock’s current price.

Several other research analysts also recently weighed in on J. Truist Financial reduced their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Robert W. Baird cut their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research note on Friday, October 4th. UBS Group boosted 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. Finally, StockNews.com began coverage on shares of Jacobs Solutions in a research report on Wednesday, October 2nd. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $159.30.

Jacobs Solutions Stock Performance

NYSE J traded down $1.23 on Tuesday, reaching $142.31. 193,046 shares of the company’s stock traded hands, compared to its average volume of 809,180. The firm has a market cap of $17.82 billion, a price-to-earnings ratio of 27.48, a P/E/G ratio of 1.39 and a beta of 0.72. The stock has a 50 day moving average price of $144.64 and a 200-day moving average price of $142.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. Jacobs Solutions has a fifty-two week low of $100.59 and a fifty-two week high of $144.56.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.96. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 earnings per share. Equities research analysts predict that Jacobs Solutions will post 7.95 EPS for the current fiscal year.

Insider Activity at Jacobs Solutions

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares in the company, valued at $6,346,108.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the transaction, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,516 shares of company stock valued at $2,152,693 over the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Trading of Jacobs Solutions

A number of institutional investors have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System lifted its stake in Jacobs Solutions by 8.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company’s stock valued at $21,441,000 after buying an additional 10,542 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Jacobs Solutions by 305.4% in the 1st quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock worth $27,910,000 after purchasing an additional 137,213 shares during the period. Sei Investments Co. raised its holdings in Jacobs Solutions by 32.1% in the second quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock valued at $37,968,000 after buying an additional 66,002 shares during the period. Everett Harris & Co. CA lifted its holdings in shares of Jacobs Solutions by 12.5% during the 1st quarter. Everett Harris & Co. CA now owns 94,266 shares of the company’s stock valued at $14,492,000 after acquiring an additional 10,470 shares in the last quarter. Finally, Duality Advisers LP lifted its stake in shares of Jacobs Solutions by 1,241.6% during the first quarter. Duality Advisers LP now owns 25,289 shares of the company’s stock worth $3,888,000 after purchasing an additional 23,404 shares in the last quarter. Hedge funds and other 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.