Jacobs Solutions (NYSE:J) Price Target Raised to $142.00

Jacobs Solutions (NYSE:J) had its price objective increased by equities researchers at Truist Financial from $137.00 to $142.00 in a report released on Thursday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price objective suggests a potential upside of 5.42% from the company’s previous close.

Several other equities research analysts have also recently issued reports on J. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Citigroup lowered their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Robert W. Baird lifted their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, StockNews.com began coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $156.11.

Jacobs Solutions Price Performance

NYSE:J traded up $2.14 during trading hours on Thursday, reaching $134.70. 80,127 shares of the company were exchanged, compared to its average volume of 804,540. The stock’s 50-day moving average is $139.99 and its 200-day moving average is $142.24. Jacobs Solutions has a twelve month low of $104.90 and a twelve month high of $150.54. The firm has a market cap of $16.71 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 2.04 and a beta of 0.70. 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 (NYSE:J) last posted its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). The firm 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 revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.90 earnings per share. On average, sell-side analysts anticipate that Jacobs Solutions will post 6.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jacobs Solutions

Several institutional investors have recently added to or reduced their stakes in J. Thrivent Financial for Lutherans raised its stake in Jacobs Solutions by 5,170.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock worth $58,550,000 after acquiring an additional 411,123 shares in the last quarter. Sessa Capital IM L.P. purchased a new position in shares of Jacobs Solutions during the third quarter worth about $46,168,000. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Jacobs Solutions by 6.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after purchasing an additional 192,166 shares in the last quarter. Soros Fund Management LLC lifted its holdings in shares of Jacobs Solutions by 34.3% in the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock valued at $65,569,000 after purchasing an additional 127,874 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Jacobs Solutions by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock valued at $169,366,000 after purchasing an additional 127,605 shares during the period. Hedge funds and other institutional investors 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.