Jacobs Solutions Inc. (NYSE:J) Receives $156.11 Average Target Price from Brokerages

Jacobs Solutions Inc. (NYSE:J) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $156.11.

A number of equities research analysts have recently weighed in on the stock. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a report on Friday, October 4th. Truist Financial increased their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Citigroup decreased their target price on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. StockNews.com started coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating for the company. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th.

Hedge Funds Weigh In On Jacobs Solutions

Large investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. boosted its stake in shares of Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after buying an additional 74 shares during the period. Quarry LP lifted its position in Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after acquiring an additional 233 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Jacobs Solutions in the 3rd quarter valued at approximately $42,000. True Wealth Design LLC purchased a new position in shares of Jacobs Solutions in the 3rd quarter valued at approximately $44,000. Finally, GAMMA Investing LLC increased its holdings in shares of Jacobs Solutions by 55.8% in the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

J opened at $139.18 on Thursday. The firm has a market capitalization of $17.26 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 2.00 and a beta of 0.72. The business’s 50-day moving average is $136.91 and its two-hundred day moving average is $141.46. Jacobs Solutions has a 1 year low of $108.64 and a 1 year high of $150.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20.

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 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 business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period in the prior year, the company earned $1.90 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts anticipate that Jacobs Solutions will post 6.06 earnings per share for the current fiscal year.

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.