Jacobs Solutions (NYSE:J) Price Target Raised to $160.00

Key Points

• Jacobs Solutions had its price target raised by Barclays from $150.00 to $160.00, indicating a potential upside of 2.98% from the current price.
• Other analysts have rated Jacobs Solutions with mixed reviews, ranging from "buy" to "hold," resulting in an average rating of "Moderate Buy" with a target price of $159.63.
• Jacobs Solutions reported revenues of $3.03 billion for the last quarter, a decrease of 28.4% year-over-year, while earnings per share exceeded estimates at $1.62.

Jacobs Solutions (NYSE:J - Get Free Report) had its target price raised by Barclays from $150.00 to $160.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's target price suggests a potential upside of 2.98% from the company's current price.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Jacobs Solutions in a research note on Wednesday, October 8th. Wall Street Zen lowered Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Saturday. KeyCorp boosted their price objective on Jacobs Solutions from $157.00 to $170.00 and gave the stock an "overweight" rating in a research note on Monday. Citigroup raised 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. Finally, Truist Financial raised their price objective on shares of Jacobs Solutions from $148.00 to $163.00 and gave the company a "hold" rating in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Jacobs Solutions presently has an average rating of "Moderate Buy" and an average target price of $159.63.

Jacobs Solutions Stock Performance

NYSE:J opened at $155.37 on Monday. The firm has a market capitalization of $18.57 billion, a PE ratio of 38.75, a PEG ratio of 1.83 and a beta of 0.81. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions has a 1 year low of $106.23 and a 1 year high of $161.99. The firm's fifty day simple moving average is $149.42 and its 200 day simple moving average is $135.77.

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

Hedge Funds Weigh In On Jacobs Solutions

Large investors have recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC grew its stake in shares of Jacobs Solutions by 103.3% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company's stock worth $25,000 after acquiring an additional 95 shares in the last quarter. Rossby Financial LCC acquired a new position in Jacobs Solutions during the first quarter worth approximately $33,000. Costello Asset Management INC acquired a new stake in shares of Jacobs Solutions in the second quarter valued at approximately $43,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Jacobs Solutions in the second quarter valued at $44,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Jacobs Solutions in the 2nd quarter valued at $44,000. Institutional investors 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.

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