Brokerages Set Jacobs Solutions Inc. (NYSE:J) Target Price at $155.89

Jacobs Solutions Inc. (NYSE:J - Get Free Report) has received an average rating of "Moderate Buy" from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $155.89.

J has been the subject of several research reports. Truist Financial upped their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. StockNews.com initiated coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They set a "hold" rating for the company. Robert W. Baird lowered their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. The Goldman Sachs Group reissued a "neutral" rating and issued a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. Finally, Citigroup reduced their price target on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th.

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Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in J. Colonial Trust Co SC grew its holdings in Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after buying an additional 205 shares during the last quarter. First Horizon Advisors Inc. increased its position in 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 purchasing an additional 74 shares during the last quarter. Avalon Trust Co acquired a new position in shares of Jacobs Solutions during the fourth quarter worth about $33,000. Larson Financial Group LLC increased its stake in Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after buying an additional 115 shares during the period. Finally, Quarry LP increased its stake in shares of Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company's stock worth $38,000 after buying an additional 233 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Down 0.7 %

Shares of Jacobs Solutions stock traded down $0.93 during trading on Friday, hitting $123.60. The stock had a trading volume of 892,765 shares, compared to its average volume of 842,165. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. Jacobs Solutions has a 12 month low of $110.95 and a 12 month high of $150.54. The stock has a market cap of $15.15 billion, a PE ratio of 25.49, a PEG ratio of 1.84 and a beta of 0.77. The firm's fifty day simple moving average is $132.92 and its 200-day simple moving average is $138.56.

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

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be given a dividend of $0.32 per share. The ex-dividend date is Friday, February 21st. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.04%. Jacobs Solutions's payout ratio is currently 26.39%.

Jacobs Solutions declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to buy up to 9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

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.