Jacobs Solutions (NYSE:J) Coverage Initiated at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Jacobs Solutions (NYSE:J) in a report released on Tuesday. The firm set a “buy” rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. Truist Financial dropped their price target 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. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research note on Friday, October 4th. Robert W. Baird increased their price target on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Citigroup lowered their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $156.50.

Jacobs Solutions Stock Up 0.3 %

J opened at $141.12 on Tuesday. Jacobs Solutions has a 1-year low of $101.64 and a 1-year high of $150.54. The stock’s fifty day simple moving average is $141.83 and its 200 day simple moving average is $142.31. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. The stock has a market cap of $17.53 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 2.10 and a beta of 0.71.

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

Institutional Trading of Jacobs Solutions

Several large investors have recently modified their holdings of the stock. Tlwm grew its holdings in shares of Jacobs Solutions by 1.2% during the 2nd quarter. Tlwm now owns 6,046 shares of the company’s stock worth $845,000 after purchasing an additional 74 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares in the last quarter. Hudson Edge Investment Partners Inc. grew its holdings in shares of Jacobs Solutions by 1.4% during the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock worth $834,000 after purchasing an additional 82 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of Jacobs Solutions by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock worth $570,000 after purchasing an additional 82 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in Jacobs Solutions by 4.0% in the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock valued at $293,000 after buying an additional 86 shares in the last quarter. 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.