Citigroup Has Lowered Expectations for Jacobs Solutions (NYSE:J) Stock Price

Jacobs Solutions (NYSE:J) had its price target reduced by stock analysts at Citigroup from $161.00 to $160.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 14.40% from the company’s previous close.

A number of other research firms also recently issued reports on J. Robert W. Baird increased their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Truist Financial upped their target price on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $156.00.

Jacobs Solutions Stock Up 1.9 %

NYSE:J opened at $139.86 on Wednesday. Jacobs Solutions has a 1 year low of $110.95 and a 1 year high of $150.54. The stock has a 50-day moving average price of $136.65 and a two-hundred day moving average price of $141.52. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.14 and a beta of 0.72. 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 issued its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). The business 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%. Jacobs Solutions’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.90 earnings per share. As a group, equities analysts expect that Jacobs Solutions will post 6.06 earnings per share for the current year.

Institutional Investors Weigh In On Jacobs Solutions

Several hedge funds have recently added to or reduced their stakes in J. First Horizon Advisors Inc. grew its stake in shares of Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 74 shares in the last quarter. Empirical Finance LLC grew its position in shares of Jacobs Solutions by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock worth $570,000 after purchasing an additional 82 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after purchasing an additional 86 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Jacobs Solutions by 10.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock valued at $128,000 after buying an additional 92 shares in the last quarter. Finally, Greenleaf Trust raised its position in shares of Jacobs Solutions by 3.5% in the fourth quarter. Greenleaf Trust now owns 2,773 shares of the company’s stock valued at $371,000 after buying an additional 95 shares in the last quarter. 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.