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

Shares of Jacobs Solutions Inc. (NYSE:J) have received a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $156.11.

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Royal Bank of Canada reissued an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Raymond James raised 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. Truist Financial boosted their price target on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Finally, Robert W. Baird lifted their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $136.00 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. The business’s fifty day moving average price is $139.80 and its two-hundred day moving average price is $142.20. The stock has a market cap of $16.87 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.04 and a beta of 0.71. Jacobs Solutions has a one year low of $104.90 and a one year high of $150.54.

Jacobs Solutions (NYSE:J) last released 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). The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. Jacobs Solutions’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $1.90 earnings per share. On average, analysts forecast that Jacobs Solutions will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm 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 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.33%.

Institutional Trading of Jacobs Solutions

Several hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. lifted its position in 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 last quarter. Quarry LP raised its holdings in shares of Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after buying an additional 233 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Jacobs Solutions during the third quarter worth approximately $42,000. True Wealth Design LLC acquired a new stake in Jacobs Solutions in the 3rd quarter valued at approximately $44,000. Finally, GAMMA Investing LLC increased its position in Jacobs Solutions by 55.8% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after acquiring an additional 145 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.