Jacobs Solutions (NYSE:J) Given New $174.00 Price Target at Royal Bank Of Canada

Jacobs Solutions (NYSE:J) had its price target increased by investment analysts at Royal Bank Of Canada from $171.00 to $174.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 21.88% from the stock’s current price.

A number of other research analysts have also commented on J. Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup boosted their target price on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Wells Fargo & Company decreased their target price on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Jacobs Solutions in a research note on Monday. Finally, Robert W. Baird cut their price target on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average price target of $153.60.

Jacobs Solutions Trading Up 0.1%

Jacobs Solutions stock traded up $0.08 during trading hours on Wednesday, reaching $142.76. The stock had a trading volume of 569,640 shares, compared to its average volume of 1,058,837. The company has a fifty day simple moving average of $127.08 and a 200-day simple moving average of $129.14. Jacobs Solutions has a 52 week low of $105.68 and a 52 week high of $168.44. The stock has a market cap of $16.86 billion, a PE ratio of 44.38, a PEG ratio of 1.35 and a beta of 0.68. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.83 by $0.01. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Analysts forecast that Jacobs Solutions will post 7.22 EPS for the current fiscal year.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, CEO Robert V. Pragada purchased 3,601 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $111.09 per share, with a total value of $400,035.09. Following the transaction, the chief executive officer directly owned 333,755 shares in the company, valued at approximately $37,076,842.95. The trade was a 1.09% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Manuel J. Fernandez acquired 403 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of $121.93 per share, for a total transaction of $49,137.79. Following the purchase, the director directly owned 12,251 shares of the company’s stock, valued at $1,493,764.43. This represents a 3.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 4,257 shares of company stock valued at $477,651. 0.48% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its position in Jacobs Solutions by 92.3% during the 1st quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock valued at $812,000 after purchasing an additional 3,226 shares during the last quarter. Woodline Partners LP increased its holdings in Jacobs Solutions by 38.7% in the 1st quarter. Woodline Partners LP now owns 10,353 shares of the company’s stock worth $1,252,000 after buying an additional 2,891 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Jacobs Solutions in the second quarter worth approximately $321,000. Baird Financial Group Inc. raised its holdings in shares of Jacobs Solutions by 1.7% during the second quarter. Baird Financial Group Inc. now owns 15,022 shares of the company’s stock valued at $1,975,000 after purchasing an additional 248 shares during the last quarter. Finally, AXA S.A. lifted its position in Jacobs Solutions by 14.9% during the second quarter. AXA S.A. now owns 19,670 shares of the company’s stock valued at $2,586,000 after purchasing an additional 2,556 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

About Jacobs Solutions

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.