Jacobs Solutions (NYSE:J) PT Raised to $169.00

Jacobs Solutions (NYSE:J) had its target price raised by Citigroup from $161.00 to $169.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 16.83% from the company’s current price.

A number of other brokerages also recently commented on J. Argus boosted their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Royal Bank of Canada boosted their price target on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Bank of America raised their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Truist Financial began coverage on shares of Jacobs Solutions in a report on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price for the company. Finally, KeyCorp began coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Jacobs Solutions Price Performance

J opened at $144.65 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. The business’s fifty day simple moving average is $147.62 and its 200-day simple moving average is $137.78. The company has a market capitalization of $18.18 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 1.52 and a beta of 0.73. Jacobs Solutions has a 12-month low of $109.00 and a 12-month high of $154.50.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the prior year, the business earned $1.67 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities research analysts anticipate that Jacobs Solutions will post 8.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the completion of the transaction, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the sale, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,838 shares of company stock valued at $2,393,710. Insiders own 1.00% of the company’s stock.

Institutional Trading of Jacobs Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Pacific Financial purchased a new position in Jacobs Solutions during the fourth quarter valued at approximately $27,000. GAMMA Investing LLC acquired a new stake in shares of Jacobs Solutions during the 4th quarter worth approximately $27,000. ICA Group Wealth Management LLC purchased a new position in shares of Jacobs Solutions during the 4th quarter valued at approximately $30,000. Park Place Capital Corp lifted its stake in shares of Jacobs Solutions by 473.9% in the 3rd quarter. Park Place Capital Corp now owns 264 shares of the company’s stock valued at $36,000 after purchasing an additional 218 shares during the period. Finally, Union Savings Bank boosted its holdings in Jacobs Solutions by 78.1% during the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds 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.