Jacobs Solutions' (J) Hold (C+) Rating Reiterated at Weiss Ratings

Key Points

• Jacobs Solutions has had its "hold (C+)" rating reaffirmed by Weiss Ratings, indicating a consistent outlook from analysts regarding the company's current stock performance.
• Multiple analysts have increased their price targets for Jacobs Solutions, with estimates ranging from $157.00 to $166.00, reflecting a generally optimistic view about its future performance.
• Jacobs Solutions reported $1.62 earnings per share for the last quarter, surpassing analyst expectations, despite a year-over-year revenue decline of 28.4%.

Jacobs Solutions (NYSE:J - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently weighed in on J. Truist Financial raised their price objective on Jacobs Solutions from $148.00 to $163.00 and gave the company a "hold" rating in a report on Wednesday. Citigroup raised their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. KeyCorp raised their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. UBS Group raised their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Jacobs Solutions has a consensus rating of "Moderate Buy" and an average target price of $157.71.

Jacobs Solutions Trading Up 1.3%

Shares of J stock opened at $157.33 on Wednesday. The stock's fifty day moving average price is $147.79 and its two-hundred day moving average price is $133.97. The company has a market cap of $18.81 billion, a PE ratio of 39.23, a P/E/G ratio of 1.83 and a beta of 0.81. Jacobs Solutions has a fifty-two week low of $106.23 and a fifty-two week high of $157.44. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the business posted $1.96 EPS. The company's revenue was down 28.4% compared to the same quarter last year. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Equities analysts predict that Jacobs Solutions will post 6.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Jacobs Solutions by 21.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company's stock worth $1,684,000 after buying an additional 2,457 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Jacobs Solutions by 2.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock worth $15,379,000 after acquiring an additional 3,451 shares in the last quarter. Gibraltar Capital Management Inc. raised its position in shares of Jacobs Solutions by 13.9% in the 1st quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company's stock worth $6,770,000 after acquiring an additional 6,824 shares in the last quarter. DAVENPORT & Co LLC raised its position in shares of Jacobs Solutions by 12.7% in the 1st quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company's stock worth $2,391,000 after acquiring an additional 2,222 shares in the last quarter. Finally, FORA Capital LLC bought a new position in shares of Jacobs Solutions in the 1st quarter worth about $1,986,000. 85.65% of the stock is owned by institutional investors and hedge funds.

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.

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