Analysts Set Jacobs Solutions Inc. (NYSE:J) Price Target at $156.11

Jacobs Solutions Inc. (NYSE:J) has received a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $156.11.

J has been the topic of several research analyst reports. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research report on Friday, October 4th. The Goldman Sachs Group restated a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Citigroup dropped their target price on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Finally, Truist Financial increased their target price on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its stake in Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 74 shares during the last quarter. Quarry LP increased its stake in Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after acquiring an additional 233 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Jacobs Solutions during the third quarter valued at about $42,000. True Wealth Design LLC bought a new position in shares of Jacobs Solutions during the third quarter valued at about $44,000. Finally, GAMMA Investing LLC grew its stake in shares of Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after buying an additional 145 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $141.60 on Thursday. Jacobs Solutions has a twelve month low of $110.95 and a twelve month high of $150.54. The stock’s 50 day moving average price is $136.64 and its 200-day moving average price is $141.54. The company has a market capitalization of $17.56 billion, a PE ratio of 22.37, a PEG ratio of 2.10 and a beta of 0.72. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the previous year, the company posted $1.90 EPS. Jacobs Solutions’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that Jacobs Solutions will post 6.06 EPS for the current year.

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.