Jacobs Solutions (NYSE:J) Earns Outperform Rating from Royal Bank of Canada

Jacobs Solutions (NYSE:J)‘s stock had its “outperform” rating restated by Royal Bank of Canada in a research note issued on Tuesday,Benzinga reports. They presently have a $152.00 target price on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 9.93% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. UBS Group raised their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Truist Financial decreased their price objective on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Citigroup decreased their price objective 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. Robert W. Baird raised their price objective 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. Finally, Benchmark lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Jacobs Solutions Trading Up 0.2 %

Shares of J opened at $138.27 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The firm’s 50-day moving average is $140.78 and its two-hundred day moving average is $142.39. Jacobs Solutions has a twelve month low of $104.90 and a twelve month high of $150.54. The firm has a market capitalization of $17.14 billion, a P/E ratio of 21.84, a PEG ratio of 2.11 and a beta of 0.70.

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). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter last year, the business posted $1.90 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, research analysts predict that Jacobs Solutions will post 6.06 earnings per share for the current fiscal year.

Institutional Trading of Jacobs Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in J. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Jacobs Solutions by 6.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock valued at $464,736,000 after acquiring an additional 192,166 shares during the period. Geode Capital Management LLC raised its holdings in shares of Jacobs Solutions by 2.4% during the third quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company’s stock valued at $410,444,000 after acquiring an additional 73,566 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Jacobs Solutions by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock valued at $169,366,000 after acquiring an additional 127,605 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in shares of Jacobs Solutions by 3.2% during the third quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company’s stock valued at $143,263,000 after acquiring an additional 32,650 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Jacobs Solutions by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company’s stock valued at $99,552,000 after acquiring an additional 14,405 shares during the period. 85.65% of the stock is 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.