Truist Financial Raises Jacobs Solutions (NYSE:J) Price Target to $142.00

Jacobs Solutions (NYSE:J) had its price objective lifted by investment analysts at Truist Financial from $137.00 to $142.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s target price would indicate a potential upside of 4.60% from the company’s current price.

J has been the topic of several other research reports. Robert W. Baird increased their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Citigroup reduced their target price on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. 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. Finally, StockNews.com initiated coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Hold” and an average target price of $156.11.

Jacobs Solutions Price Performance

Shares of J opened at $135.75 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. The company’s fifty day moving average price is $139.89 and its 200-day moving average price is $142.17. Jacobs Solutions has a 1-year low of $104.90 and a 1-year high of $150.54. The firm has a market capitalization of $16.84 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.04 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the previous year, the firm posted $1.90 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that Jacobs Solutions will post 6.06 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EdgeRock Capital LLC purchased a new position in shares of Jacobs Solutions in the second quarter worth about $26,000. First Horizon Advisors Inc. raised its holdings in Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 74 shares during the last quarter. Quarry LP lifted its stake in Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after purchasing an additional 233 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Jacobs Solutions during the 3rd quarter worth approximately $42,000. Finally, True Wealth Design LLC purchased a new stake in shares of Jacobs Solutions in the third quarter valued at approximately $44,000. Hedge funds and other institutional investors 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.