Jacobs Solutions (NYSE:J) Stock Price Expected to Rise, Truist Financial Analyst Says

Jacobs Solutions (NYSE:J) had its price target upped by analysts at Truist Financial from $137.00 to $142.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price target would suggest a potential upside of 4.60% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Raymond James upgraded 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 research report on Friday, October 4th. Citigroup dropped their price target on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Royal Bank of Canada restated an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Finally, Robert W. Baird increased their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Hold” and a consensus target price of $156.11.

Jacobs Solutions Price Performance

J stock opened at $135.75 on Thursday. The company has a fifty day simple moving average of $139.89 and a two-hundred day simple moving average of $142.17. Jacobs Solutions has a 52 week low of $104.90 and a 52 week high of $150.54. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $16.84 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 2.04 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.71). The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.90 earnings per share. Analysts anticipate that Jacobs Solutions will post 6.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jacobs Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Jacobs Solutions during the third quarter valued at about $3,205,000. Sei Investments Co. raised its stake in shares of Jacobs Solutions by 32.1% during the 2nd quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after acquiring an additional 66,002 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Jacobs Solutions during the third quarter valued at approximately $1,756,000. Aigen Investment Management LP acquired a new stake in Jacobs Solutions in the third quarter valued at approximately $709,000. Finally, Asset Management One Co. Ltd. grew its holdings in Jacobs Solutions by 6.8% in the third quarter. Asset Management One Co. Ltd. now owns 76,308 shares of the company’s stock worth $9,989,000 after purchasing an additional 4,858 shares during the last quarter. 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.