Jacobs Solutions (NYSE:J) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Jacobs Solutions (NYSE:J - Get Free Report) in a report released on Wednesday. The brokerage set a "hold" rating on the stock.

Several other equities analysts also recently weighed in on J. Truist Financial dropped their price objective on Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating for the company in a research note on Wednesday, October 9th. Benchmark downgraded Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Robert W. Baird lifted their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. UBS Group lifted their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Finally, Citigroup lowered their price objective on Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating for the company in a research report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $156.50.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded up $0.27 during mid-day trading on Wednesday, reaching $138.27. 669,201 shares of the company were exchanged, compared to its average volume of 808,858. Jacobs Solutions has a twelve month low of $104.90 and a twelve month high of $150.54. The firm's 50-day simple moving average is $140.78 and its two-hundred day simple moving average is $142.39. 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 firm has a market cap of $17.14 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 2.11 and a beta of 0.70.

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

Institutional Trading of Jacobs Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. boosted its stake in Jacobs Solutions by 32.1% during the 2nd quarter. Sei Investments Co. now owns 271,760 shares of the company's stock valued at $37,968,000 after purchasing an additional 66,002 shares in the last quarter. Aigen Investment Management LP bought a new position in Jacobs Solutions during the 3rd quarter valued at $709,000. Asset Management One Co. Ltd. boosted its stake in Jacobs Solutions by 6.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 76,308 shares of the company's stock valued at $9,989,000 after purchasing an additional 4,858 shares in the last quarter. MBB Public Markets I LLC bought a new stake in shares of Jacobs Solutions during the 2nd quarter worth $1,302,000. Finally, Marks Group Wealth Management Inc boosted its stake in shares of Jacobs Solutions by 13.6% during the 3rd quarter. Marks Group Wealth Management Inc now owns 64,074 shares of the company's stock worth $8,387,000 after acquiring an additional 7,695 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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.