Truist Financial Forecasts Strong Price Appreciation for Jacobs Solutions (NYSE:J) Stock

Jacobs Solutions (NYSE:J - Get Free Report) had its price target raised by Truist Financial from $137.00 to $142.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's target price would suggest a potential upside of 5.92% from the stock's previous close.

Several other equities analysts have also recently weighed in on the stock. Benchmark cut shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Citigroup dropped their price target on shares of Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating on the stock in a research note on Wednesday, November 20th. StockNews.com initiated coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a "hold" rating for the company. Raymond James raised Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price on the stock in a report on Friday, October 4th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of "Hold" and an average target price of $156.11.

Jacobs Solutions Stock Up 1.1 %

J stock traded up $1.50 during midday trading on Thursday, hitting $134.06. The company's stock had a trading volume of 1,036,905 shares, compared to its average volume of 808,564. The firm's 50-day moving average is $139.94 and its 200-day moving average is $142.18. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions has a 12 month low of $104.90 and a 12 month high of $150.54. The company has a market cap of $16.63 billion, a PE ratio of 21.18, a P/E/G ratio of 2.04 and a beta of 0.70.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the prior year, the company posted $1.90 EPS. Jacobs Solutions's revenue was up 4.4% on a year-over-year basis. On average, equities research analysts forecast that Jacobs Solutions will post 6.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jacobs Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the stock. EdgeRock Capital LLC purchased a new position in shares of Jacobs Solutions during the 2nd quarter worth about $26,000. First Horizon Advisors Inc. grew its stake in shares of Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock valued at $32,000 after buying an additional 74 shares during the last quarter. Quarry LP grew its position in Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after acquiring an additional 233 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Jacobs Solutions in the 3rd quarter worth about $42,000. Finally, True Wealth Design LLC bought a new stake in shares of Jacobs Solutions during the third quarter valued at approximately $44,000. Hedge funds and other 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.