Jacobs Solutions (NYSE:J) Price Target Lowered to $151.00 at Citigroup

Jacobs Solutions (NYSE:J - Get Free Report) had its target price dropped by stock analysts at Citigroup from $161.00 to $151.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price target suggests a potential upside of 24.11% from the stock's previous close.

A number of other research firms also recently commented on J. Robert W. Baird decreased their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Truist Financial dropped their price target on Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $150.86.

Jacobs Solutions Stock Down 0.5 %

Shares of J stock traded down $0.66 on Friday, reaching $121.67. 527,072 shares of the stock were exchanged, compared to its average volume of 783,488. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The business's 50 day moving average price is $121.30 and its 200 day moving average price is $132.00. The company has a market capitalization of $14.91 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 1.84 and a beta of 0.73. Jacobs Solutions has a twelve month low of $106.23 and a twelve month high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the prior year, the firm posted $1.45 earnings per share. Jacobs Solutions's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts expect that Jacobs Solutions will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Institutional Investors Weigh In On Jacobs Solutions

A number of large investors have recently added to or reduced their stakes in J. Colonial Trust Co SC raised its stake in Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after acquiring an additional 205 shares in the last quarter. Avalon Trust Co acquired a new position in Jacobs Solutions during the fourth quarter worth about $33,000. Larson Financial Group LLC raised its stake in Jacobs Solutions by 71.9% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after acquiring an additional 115 shares in the last quarter. Assetmark Inc. raised its stake in Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after acquiring an additional 100 shares in the last quarter. Finally, Optiver Holding B.V. raised its stake in Jacobs Solutions by 113.8% during the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company's stock worth $48,000 after acquiring an additional 190 shares in the last quarter. Institutional investors and hedge funds 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.