Jacobs Solutions Inc. (NYSE:J) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Jacobs Solutions Inc. (NYSE:J) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $156.11.

J has been the subject of several research reports. Truist Financial lifted their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Robert W. Baird boosted their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research note on Friday, October 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Finally, StockNews.com assumed coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They issued a “hold” rating for the company.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $136.14 on Thursday. Jacobs Solutions has a one year low of $108.19 and a one year high of $150.54. 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 business’s 50 day moving average price is $137.42 and its 200 day moving average price is $141.52. The company has a market cap of $16.88 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 2.07 and a beta of 0.72.

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

Hedge Funds Weigh In On Jacobs Solutions

A number of institutional investors have recently made changes to their positions in the business. Choreo LLC bought a new position in Jacobs Solutions during the second quarter worth $298,000. DekaBank Deutsche Girozentrale lifted its holdings in Jacobs Solutions by 1.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 23,161 shares of the company’s stock worth $3,227,000 after acquiring an additional 311 shares during the last quarter. Federated Hermes Inc. boosted its stake in Jacobs Solutions by 22.2% in the second quarter. Federated Hermes Inc. now owns 46,688 shares of the company’s stock valued at $6,523,000 after acquiring an additional 8,482 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Jacobs Solutions by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock worth $169,366,000 after purchasing an additional 127,605 shares during the last quarter. Finally, Renaissance Technologies LLC boosted 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 valued at $23,304,000 after purchasing an additional 90,200 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.