Robert W. Baird Increases Jacobs Solutions (NYSE:J) Price Target to $149.00

Jacobs Solutions (NYSE:J) had its target price increased by analysts at Robert W. Baird from $147.00 to $149.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 9.70% from the company’s previous close.

Other research analysts have also issued reports about the stock. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a report on Friday, October 4th. Citigroup upped their target price on Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada raised their price target on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. StockNews.com started coverage on Jacobs Solutions in a research note on Monday. They set a “buy” rating for the company. Finally, Truist Financial cut their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and an average price target of $156.89.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $135.82 on Wednesday. Jacobs Solutions has a 12-month low of $100.59 and a 12-month high of $150.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.14. The company has a market capitalization of $16.88 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 2.04 and a beta of 0.71. The firm’s fifty day moving average price is $142.25 and its 200 day moving average price is $142.37.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.90 earnings per share. On average, research analysts forecast that Jacobs Solutions will post 6 EPS for the current fiscal year.

Insider Activity at Jacobs Solutions

In other news, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the transaction, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. This represents a 14.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the sale, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The trade was a 4.32 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Institutional Trading of Jacobs Solutions

A number of institutional investors have recently added to or reduced their stakes in the business. EdgeRock Capital LLC bought a new stake in shares of Jacobs Solutions during the 2nd quarter worth about $26,000. Bruce G. Allen Investments LLC boosted its position in Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after purchasing an additional 171 shares during the period. First Horizon Advisors Inc. boosted its position in Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares during the period. Quarry LP grew its holdings in Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after purchasing an additional 233 shares during the last quarter. Finally, LRI Investments LLC bought a new position in shares of Jacobs Solutions in the first quarter valued at approximately $48,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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.