Jacobs Solutions (NYSE:J) PT Raised to $167.00

Jacobs Solutions (NYSE:J) had its price objective upped by investment analysts at Royal Bank of Canada from $161.00 to $167.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 16.38% from the company’s current price.

A number of other brokerages have also weighed in on J. Citigroup boosted their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. William Blair downgraded shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Truist Financial restated a “hold” rating and set a $158.00 target price (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday. Robert W. Baird decreased their target price 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. Finally, StockNews.com downgraded shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.55.

Jacobs Solutions Stock Performance

Shares of J traded up $1.24 during trading hours on Wednesday, reaching $143.50. 999,535 shares of the company traded hands, compared to its average volume of 672,026. The stock has a market capitalization of $17.97 billion, a P/E ratio of 27.76, a P/E/G ratio of 1.67 and a beta of 0.70. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. Jacobs Solutions has a 12-month low of $120.71 and a 12-month high of $154.50. The business has a fifty day moving average price of $141.71 and a 200-day moving average price of $143.21.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.96. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 earnings per share. Equities analysts anticipate that Jacobs Solutions will post 7.98 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the completion of the sale, the insider now owns 527,138 shares of the company’s stock, valued at approximately $77,426,029.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 21,000 shares of company stock worth $2,983,750 in the last 90 days. Insiders own 1.00% of the company’s stock.

Institutional Trading of Jacobs Solutions

Large investors have recently bought and sold shares of the business. EdgeRock Capital LLC purchased a new stake in Jacobs Solutions during the 2nd quarter valued at about $26,000. GAMMA Investing LLC purchased a new stake in Jacobs Solutions during the 4th quarter valued at about $27,000. Bruce G. Allen Investments LLC grew its stake in shares of Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after buying an additional 171 shares during the period. ICA Group Wealth Management LLC purchased a new stake in shares of Jacobs Solutions in the 4th quarter valued at approximately $30,000. Finally, Union Savings Bank grew its stake in shares of Jacobs Solutions by 78.1% in the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock valued at $37,000 after buying an additional 125 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

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.