Jacobs Solutions (NYSE:J) Price Target Cut to $130.00 by Analysts at Truist Financial

Jacobs Solutions (NYSE:J - Get Free Report) had its price objective dropped by analysts at Truist Financial from $141.00 to $130.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price target indicates a potential upside of 11.75% from the stock's current price.

A number of other research firms also recently issued reports on J. Citigroup dropped their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. The Goldman Sachs Group reissued a "neutral" rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Robert W. Baird reduced their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Jacobs Solutions has a consensus rating of "Moderate Buy" and an average price target of $152.14.

Jacobs Solutions Trading Up 1.3 %

Shares of J stock traded up $1.49 during trading hours on Tuesday, hitting $116.34. 914,223 shares of the company were exchanged, compared to its average volume of 772,864. Jacobs Solutions has a 1 year low of $106.23 and a 1 year high of $156.31. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average of $123.95 and a 200 day moving average of $133.53. The firm has a market cap of $14.26 billion, a PE ratio of 23.99, a PEG ratio of 1.84 and a beta of 0.73.

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

Jacobs Solutions declared that its board has authorized a share repurchase plan on Tuesday, February 4th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to purchase up to 9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Jacobs Solutions

Hedge funds have recently bought and sold shares of the business. Heritage Family Offices LLP raised its stake in shares of Jacobs Solutions by 55.7% in the 4th quarter. Heritage Family Offices LLP now owns 14,912 shares of the company's stock valued at $1,993,000 after purchasing an additional 5,332 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in Jacobs Solutions by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock valued at $1,305,000 after buying an additional 175 shares during the last quarter. Occidental Asset Management LLC raised its stake in Jacobs Solutions by 11.7% during the fourth quarter. Occidental Asset Management LLC now owns 25,045 shares of the company's stock valued at $3,347,000 after buying an additional 2,619 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Jacobs Solutions by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company's stock worth $56,778,000 after buying an additional 47,211 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Jacobs Solutions in the 3rd quarter worth approximately $3,205,000. 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.