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

Jacobs Solutions Inc. (NYSE:J - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eleven analysts that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $156.11.

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Truist Financial increased their price target on Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a research report on Thursday, December 19th. Citigroup dropped their price target on Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating on the stock in a report on Wednesday, November 20th. Benchmark downgraded Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, Raymond James upgraded Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price on the stock in a research note on Friday, October 4th.

Hedge Funds Weigh In On Jacobs Solutions

Hedge funds have recently made changes to their positions in the stock. Grove Bank & Trust increased its holdings in Jacobs Solutions by 57.9% during the 4th quarter. Grove Bank & Trust now owns 491 shares of the company's stock worth $66,000 after acquiring an additional 180 shares during the period. Aaron Wealth Advisors LLC purchased a new position in shares of Jacobs Solutions during the 4th quarter valued at $278,000. Kera Capital Partners Inc. bought a new position in shares of Jacobs Solutions in the fourth quarter worth $277,000. Merit Financial Group LLC purchased a new stake in shares of Jacobs Solutions in the fourth quarter worth $368,000. Finally, Boston Common Asset Management LLC bought a new stake in Jacobs Solutions during the fourth quarter valued at $3,976,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Up 1.5 %

J traded up $2.02 during midday trading on Thursday, reaching $138.24. 551,710 shares of the company were exchanged, compared to its average volume of 590,981. Jacobs Solutions has a one year low of $108.19 and a one year high of $150.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. The company's fifty day moving average price is $137.19 and its 200 day moving average price is $141.48. The company has a market cap of $17.15 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 2.00 and a beta of 0.72.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts' consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $4.50 billion. During the same period in the previous year, the company posted $1.90 earnings per share. The company's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts expect that Jacobs Solutions will post 6.06 EPS for the current year.

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.