Jacobs Solutions (NYSE:J) Stock Price Expected to Rise, Truist Financial Analyst Says

Jacobs Solutions (NYSE:J - Free Report) had its price objective lifted by Truist Financial from $130.00 to $141.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other brokerages have also issued reports on J. UBS Group cut their price objective 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. Royal Bank of Canada upped their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Robert W. Baird reduced their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Finally, Citigroup lowered their price objective on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $150.86.

Jacobs Solutions Stock Performance

J traded up $1.70 on Monday, reaching $127.92. 77,574 shares of the stock were exchanged, compared to its average volume of 906,188. Jacobs Solutions has a fifty-two week low of $106.23 and a fifty-two week high of $150.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $15.37 billion, a PE ratio of 26.38, a PEG ratio of 1.84 and a beta of 0.77. The company's 50-day moving average price is $120.64 and its 200 day moving average price is $130.59.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The firm had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3 billion. During the same quarter last year, the company earned $1.91 EPS. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Jacobs Solutions will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.00%. Jacobs Solutions's payout ratio is 35.26%.

Jacobs Solutions announced that its board has initiated a share repurchase plan on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On Jacobs Solutions

Hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its holdings in Jacobs Solutions by 31.7% in the 3rd quarter. Barclays PLC now owns 312,700 shares of the company's stock valued at $40,933,000 after acquiring an additional 75,318 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Jacobs Solutions by 4.3% in the third quarter. Principal Financial Group Inc. now owns 145,574 shares of the company's stock valued at $19,056,000 after purchasing an additional 5,959 shares during the period. Czech National Bank grew its holdings in Jacobs Solutions by 5.6% in the 4th quarter. Czech National Bank now owns 26,940 shares of the company's stock valued at $3,600,000 after buying an additional 1,433 shares during the period. Fiduciary Alliance LLC purchased a new stake in Jacobs Solutions in the 4th quarter valued at about $1,163,000. Finally, Tlwm increased its stake in shares of Jacobs Solutions by 2.8% during the 4th quarter. Tlwm now owns 6,120 shares of the company's stock valued at $818,000 after acquiring an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

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.