Jacobs Solutions (NYSE:J) Price Target Cut to $139.00

Jacobs Solutions (NYSE:J) had its price target reduced by equities research analysts at Truist Financial from $158.00 to $139.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price objective points to a potential upside of 0.69% from the company’s previous close.

Several other brokerages have also recently weighed in on J. UBS Group raised their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Royal Bank of Canada raised their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, October 2nd. They set a “buy” rating for the company. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research note on Friday, October 4th. Finally, Robert W. Baird decreased their target price on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $159.60.

Jacobs Solutions Stock Up 0.5 %

NYSE J traded up $0.70 during trading hours on Wednesday, reaching $138.05. 178,544 shares of the company’s stock were exchanged, compared to its average volume of 686,710. The company’s 50-day moving average is $145.06 and its two-hundred day moving average is $143.55. Jacobs Solutions has a one year low of $120.71 and a one year high of $156.31. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $17.29 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 1.70 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same period in the prior year, the business earned $1.82 EPS. Jacobs Solutions’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts forecast that Jacobs Solutions will post 7.98 EPS for the current fiscal year.

Insider Buying and Selling at Jacobs Solutions

In other news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value of $1,028,160.00. Following the sale, the insider now directly owns 527,138 shares of the company’s stock, valued at $77,426,029.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,516 shares of company stock valued at $2,152,693 in the last quarter. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of J. Tlwm grew its position in Jacobs Solutions by 1.2% in the second quarter. Tlwm now owns 6,046 shares of the company’s stock valued at $845,000 after acquiring an additional 74 shares during the last quarter. Hudson Edge Investment Partners Inc. grew its position in Jacobs Solutions by 1.4% in the second quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock valued at $834,000 after acquiring an additional 82 shares during the last quarter. American National Bank grew its holdings in shares of Jacobs Solutions by 1.4% during the second quarter. American National Bank now owns 6,488 shares of the company’s stock worth $906,000 after purchasing an additional 88 shares during the last quarter. Global Financial Private Client LLC grew its holdings in shares of Jacobs Solutions by 2.6% during the second quarter. Global Financial Private Client LLC now owns 3,944 shares of the company’s stock worth $551,000 after purchasing an additional 100 shares during the last quarter. Finally, Gabelli Funds LLC grew its holdings in shares of Jacobs Solutions by 6.9% during the second quarter. Gabelli Funds LLC now owns 1,550 shares of the company’s stock worth $217,000 after purchasing an additional 100 shares during the last quarter. 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.