Jacobs Solutions Inc. (NYSE:J) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Jacobs Solutions Inc. (NYSE:J) have received a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $156.11.

A number of equities research analysts have recently weighed in on J shares. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. StockNews.com started coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating on the stock. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research note on Friday, October 4th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd.

Hedge Funds Weigh In On Jacobs Solutions

A number of institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its position in Jacobs Solutions by 3.6% in the second quarter. Assenagon Asset Management S.A. now owns 3,401 shares of the company’s stock valued at $475,000 after buying an additional 119 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Jacobs Solutions by 0.8% during the 2nd quarter. Raymond James & Associates now owns 109,435 shares of the company’s stock valued at $15,289,000 after acquiring an additional 873 shares in the last quarter. Fifth Third Bancorp grew its position in Jacobs Solutions by 3.3% during the 2nd quarter. Fifth Third Bancorp now owns 3,697 shares of the company’s stock worth $517,000 after acquiring an additional 117 shares during the last quarter. &PARTNERS acquired a new position in Jacobs Solutions in the 2nd quarter worth about $366,000. Finally, Atlantic Union Bankshares Corp raised its position in Jacobs Solutions by 31.0% in the second quarter. Atlantic Union Bankshares Corp now owns 2,475 shares of the company’s stock valued at $346,000 after purchasing an additional 586 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

NYSE J opened at $135.07 on Friday. Jacobs Solutions has a 52-week low of $104.90 and a 52-week high of $150.54. The stock has a market cap of $16.75 billion, a PE ratio of 21.34, a P/E/G ratio of 2.07 and a beta of 0.70. The firm has a 50-day moving average of $139.34 and a 200-day moving average of $142.08. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.90 EPS. On average, sell-side analysts anticipate that Jacobs Solutions will post 6.06 EPS for the current year.

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.