Jacobs Solutions Inc. (NYSE:J) Stock Has Consensus Price Target of $156.78

Jacobs Solutions Inc. (NYSE:J) has been given a consensus rating of “Hold” by the eleven analysts that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $156.78.

A number of analysts recently issued reports on J shares. Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Weiss Ratings raised shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. KeyCorp decreased their target price on shares of Jacobs Solutions from $168.00 to $166.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. Citigroup increased their target price on shares of Jacobs Solutions from $181.00 to $188.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Finally, Truist Financial dropped their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “hold” rating for the company in a research report on Monday, October 5th.

Insider Activity at Jacobs Solutions

In other news, President Patrick Hill sold 17,201 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $144.10, for a total value of $2,478,664.10. Following the transaction, the president directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. This represents a 20.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Institutional Trading of Jacobs Solutions

Several institutional investors have recently added to or reduced their stakes in J. NBH Bank acquired a new stake in shares of Jacobs Solutions during the second quarter worth about $28,000. Continuum Advisory LLC purchased a new position in shares of Jacobs Solutions in the second quarter valued at approximately $28,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Jacobs Solutions in the second quarter valued at approximately $30,000. Compass Financial Management LLC acquired a new position in shares of Jacobs Solutions in the second quarter valued at approximately $43,000. Finally, Heritage Family Offices LLP acquired a new position in shares of Jacobs Solutions in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 0.4%

J opened at $159.62 on Wednesday. The stock has a market capitalization of $18.85 billion, a PE ratio of 56.60, a P/E/G ratio of 2.01 and a beta of 0.68. Jacobs Solutions has a one year low of $105.68 and a one year high of $161.59. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. The business’s 50 day moving average price is $144.03 and its 200 day moving average price is $134.10.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the firm earned $1.62 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts expect that Jacobs Solutions will post 7.24 EPS for the current year.

About Jacobs Solutions

Jacobs Solutions Inc (NYSE:J) is a global technical, professional and consulting services provider serving government and commercial clients. The company helps organizations plan, design, deliver and operate complex infrastructure and mission-critical programs, with expertise spanning advanced manufacturing, transportation, water, environmental services, energy, life sciences, space and national security.

Through its consulting and engineering operations, Jacobs provides services such as program and project management, engineering and design, architecture, environmental planning, digital solutions and operational support.