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

Jacobs Solutions Inc. (NYSE:J) has earned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $156.11.

J has been the subject of a number of analyst reports. Truist Financial increased their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Benchmark lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. StockNews.com initiated coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating for the company. Finally, Citigroup lowered their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, November 20th.

Institutional Investors Weigh In On Jacobs Solutions

Several institutional investors and hedge funds have recently made changes to their positions in J. First Horizon Advisors Inc. grew 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 worth $32,000 after purchasing an additional 74 shares during the period. Quarry LP grew its position in Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after purchasing an additional 233 shares during the period. Capital Performance Advisors LLP bought a new stake in Jacobs Solutions in the 3rd quarter worth approximately $42,000. True Wealth Design LLC bought a new stake in Jacobs Solutions in the 3rd quarter worth approximately $44,000. Finally, GAMMA Investing LLC grew its position in Jacobs Solutions by 55.8% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after purchasing an additional 145 shares during the period. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 0.3 %

Shares of NYSE:J opened at $141.60 on Thursday. The stock’s 50-day moving average price is $136.64 and its 200-day moving average price is $141.54. Jacobs Solutions has a 12-month low of $110.95 and a 12-month high of $150.54. The stock has a market capitalization of $17.56 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 2.10 and a beta of 0.72. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30.

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