Jacobs Solutions (NYSE:J) Price Target Raised to $157.00

Key Points

• Jacobs Solutions had its price target increased by KeyCorp from $155.00 to $157.00, indicating a potential upside of 6.62% from its current stock price.
• Recent analyst ratings show a mix of outlooks, with four analysts giving the stock a 'hold' rating and six issuing a 'buy' rating, resulting in an average target price of $153.50.
• The company's latest earnings report showed a quarterly EPS of $1.62, exceeding estimates by $0.06, while revenue fell 28.4% year-over-year to $3.03 billion.

Jacobs Solutions (NYSE:J - Get Free Report) had its target price hoisted by analysts at KeyCorp from $155.00 to $157.00 in a report released on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. KeyCorp's price target points to a potential upside of 6.05% from the company's previous close.

J has been the subject of a number of other reports. Citigroup upped their target price on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Truist Financial raised their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Royal Bank Of Canada upped their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, UBS Group dropped their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $155.25.

Jacobs Solutions Stock Performance

Shares of NYSE J traded up $1.07 during trading hours on Wednesday, hitting $148.05. 76,531 shares of the stock were exchanged, compared to its average volume of 828,685. Jacobs Solutions has a one year low of $106.23 and a one year high of $150.54. The company's 50 day moving average is $133.72 and its 200 day moving average is $128.36. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.50. The firm has a market capitalization of $17.70 billion, a P/E ratio of 36.92, a P/E/G ratio of 2.05 and a beta of 0.79.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.06. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. Jacobs Solutions's quarterly revenue was down 28.4% on a year-over-year basis. During the same quarter last year, the company posted $1.96 earnings per share. On average, research analysts expect that Jacobs Solutions will post 6.05 EPS for the current year.

Institutional Investors Weigh In On Jacobs Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in J. Franklin Resources Inc. raised its position in shares of Jacobs Solutions by 7.3% during the fourth quarter. Franklin Resources Inc. now owns 9,290 shares of the company's stock worth $1,241,000 after acquiring an additional 628 shares during the last quarter. World Investment Advisors raised its holdings in Jacobs Solutions by 19.4% during the 4th quarter. World Investment Advisors now owns 2,101 shares of the company's stock worth $281,000 after purchasing an additional 342 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Jacobs Solutions during the 4th quarter worth about $4,825,000. Aviva PLC lifted its position in Jacobs Solutions by 1,476.3% during the 4th quarter. Aviva PLC now owns 74,939 shares of the company's stock valued at $10,013,000 after purchasing an additional 70,185 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Jacobs Solutions by 18.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 347,264 shares of the company's stock valued at $46,401,000 after purchasing an additional 52,920 shares during the last quarter. Institutional investors and hedge funds 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.