Jacobs Solutions Inc. (NYSE:J) Receives $162.00 Consensus Target Price from Analysts

Jacobs Solutions Inc. (NYSE:J) has received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $161.7778.

Several equities analysts have issued reports on J shares. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Truist Financial boosted their price target on shares of Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Citigroup lifted their price objective on Jacobs Solutions from $169.00 to $185.00 and gave the company a “buy” rating in a report on Monday, October 20th. Finally, Barclays boosted their target price on Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th.

Jacobs Solutions Stock Up 0.9%

Jacobs Solutions stock opened at $154.56 on Wednesday. The stock has a 50 day moving average of $153.31 and a two-hundred day moving average of $141.47. Jacobs Solutions has a twelve month low of $106.23 and a twelve month high of $168.44. The stock has a market capitalization of $18.48 billion, a price-to-earnings ratio of 38.54, a PEG ratio of 1.87 and a beta of 0.83. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

Institutional Investors Weigh In On Jacobs Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its holdings in shares of Jacobs Solutions by 828.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock valued at $174,434,000 after purchasing an additional 1,184,068 shares in the last quarter. AQR Capital Management LLC grew its position in Jacobs Solutions by 68.8% during the second quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company’s stock worth $168,194,000 after buying an additional 525,291 shares during the period. Ninety One UK Ltd increased its holdings in Jacobs Solutions by 20.4% in the third quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock valued at $460,016,000 after buying an additional 520,417 shares in the last quarter. Invesco Ltd. increased its holdings in Jacobs Solutions by 21.4% in the second quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock valued at $342,738,000 after buying an additional 460,283 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Jacobs Solutions by 350.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 552,594 shares of the company’s stock valued at $72,638,000 after acquiring an additional 429,880 shares during the period. 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.