Jacobs Solutions Inc. (NYSE:J) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Jacobs Solutions Inc. (NYSE:J) have earned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $156.11.

Several equities analysts have issued reports on J shares. Citigroup cut their target price on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Robert W. Baird lifted their price objective on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Truist Financial boosted their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th.

Jacobs Solutions Price Performance

Shares of J opened at $139.18 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. The company has a 50 day moving average price of $136.91 and a 200-day moving average price of $141.51. Jacobs Solutions has a fifty-two week low of $108.64 and a fifty-two week high of $150.54. The stock has a market capitalization of $17.26 billion, a PE ratio of 21.99, a PEG ratio of 2.00 and a beta of 0.72.

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

Institutional Trading of Jacobs Solutions

Several large investors have recently added to or reduced their stakes in J. Choreo LLC acquired a new stake in Jacobs Solutions during the 2nd quarter valued at approximately $298,000. DekaBank Deutsche Girozentrale raised its holdings in shares of Jacobs Solutions by 1.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 23,161 shares of the company’s stock worth $3,227,000 after purchasing an additional 311 shares during the last quarter. Federated Hermes Inc. lifted its position in Jacobs Solutions by 22.2% during the second quarter. Federated Hermes Inc. now owns 46,688 shares of the company’s stock valued at $6,523,000 after purchasing an additional 8,482 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Jacobs Solutions by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock valued at $169,366,000 after purchasing an additional 127,605 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Jacobs Solutions by 117.8% during the 2nd quarter. Renaissance Technologies LLC now owns 166,800 shares of the company’s stock worth $23,304,000 after purchasing an additional 90,200 shares during the period. Hedge funds and other institutional investors 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.