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

Jacobs Solutions Inc. (NYSE:J) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $156.11.

A number of research analysts have recently weighed in on the company. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Robert W. Baird boosted their target price on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Citigroup reduced their price target on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd.

Institutional Investors Weigh In On Jacobs Solutions

A number of institutional investors have recently added to or reduced their stakes in J. Aaron Wealth Advisors LLC bought a new stake in Jacobs Solutions during the 4th quarter worth about $278,000. Kera Capital Partners Inc. acquired a new position in shares of Jacobs Solutions during the fourth quarter valued at $277,000. Merit Financial Group LLC acquired a new position in shares of Jacobs Solutions during the fourth quarter valued at $368,000. Boston Common Asset Management LLC bought a new position in Jacobs Solutions in the fourth quarter valued at about $3,976,000. Finally, Occidental Asset Management LLC increased its position in Jacobs Solutions by 11.7% in the fourth quarter. Occidental Asset Management LLC now owns 25,045 shares of the company’s stock worth $3,347,000 after purchasing an additional 2,619 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $136.14 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 firm has a market cap of $16.88 billion, a P/E ratio of 21.51, a PEG ratio of 2.07 and a beta of 0.72. The stock has a fifty day moving average price of $137.42 and a two-hundred day moving average price of $141.52. Jacobs Solutions has a 1 year low of $108.19 and a 1 year high of $150.54.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.71). The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $1.90 EPS. Research analysts forecast that Jacobs Solutions will post 6.06 EPS for the current fiscal year.

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.