Credit Suisse Group Raises Jacobs Solutions (NYSE:J) Price Target to $161.00

Jacobs Solutions (NYSE:JGet Rating) had its price objective upped by Credit Suisse Group from $154.00 to $161.00 in a research note published on Tuesday morning, The Fly reports. They currently have an outperform rating on the stock.

Other research analysts have also issued reports about the company. Royal Bank of Canada reduced their target price on Jacobs Solutions from $155.00 to $150.00 and set an outperform rating on the stock in a research report on Tuesday. StockNews.com initiated coverage on Jacobs Solutions in a research report on Wednesday, October 12th. They issued a buy rating on the stock. Finally, Citigroup lowered their price objective on Jacobs Solutions from $155.00 to $151.00 and set a buy rating on the stock in a research report on Tuesday, August 2nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $156.20.

Jacobs Solutions Stock Performance

NYSE:J opened at $122.70 on Tuesday. The company has a market cap of $15.66 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.56 and a beta of 0.88. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.45 and a quick ratio of 1.43. The stock’s 50 day simple moving average is $116.23 and its two-hundred day simple moving average is $124.53. Jacobs Solutions has a 1 year low of $106.78 and a 1 year high of $150.32.

Jacobs Solutions (NYSE:JGet Rating) last posted its quarterly earnings data on Monday, November 21st. The company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.03. The company had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.85 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 4.32%. Jacobs Solutions’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.58 EPS. As a group, equities analysts anticipate that Jacobs Solutions will post 7.41 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Friday, September 30th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, September 29th. Jacobs Solutions’s payout ratio is currently 18.47%.

Insider Activity

In related news, CEO Steven J. Demetriou sold 51,130 shares of Jacobs Solutions stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $125.10, for a total value of $6,396,363.00. Following the sale, the chief executive officer now directly owns 631,447 shares in the company, valued at $78,994,019.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Jacobs Solutions

Institutional investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC boosted its position in Jacobs Solutions by 50.6% during the first quarter. Steward Partners Investment Advisory LLC now owns 3,073 shares of the company’s stock worth $423,000 after purchasing an additional 1,032 shares in the last quarter. DAVENPORT & Co LLC boosted its position in Jacobs Solutions by 4.0% during the first quarter. DAVENPORT & Co LLC now owns 4,320 shares of the company’s stock worth $595,000 after purchasing an additional 167 shares in the last quarter. National Asset Management Inc. boosted its position in Jacobs Solutions by 21.9% during the first quarter. National Asset Management Inc. now owns 2,450 shares of the company’s stock worth $339,000 after purchasing an additional 440 shares in the last quarter. FDx Advisors Inc. purchased a new stake in Jacobs Solutions during the first quarter worth $240,000. Finally, Metis Global Partners LLC purchased a new stake in Jacobs Solutions during the first quarter worth $283,000. 86.73% of the stock is currently owned by hedge funds and other institutional investors.

About Jacobs Solutions

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Jacobs Solutions Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. It provides cybersecurity, data analytics, systems and software application integration and consulting, enterprise and mission IT, engineering and design, nuclear, enterprise level operations and maintenance, artificial intelligence and automation, software development, digitally driven consulting, planning and architecture, program management, and other technical consulting solutions.

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