Jacobs Solutions (NYSE:J) Price Target Raised to $163.00 at Truist Financial

Key Points

• Truist Financial raised its price target for Jacobs Solutions from $148.00 to $163.00, indicating a potential upside of 4.18% from its current price.
• Jacobs Solutions recently reported $1.62 EPS for the quarter, exceeding the consensus estimate, although its revenue declined by 28.4% year-over-year.
• Institutional investors own 85.65% of Jacobs Solutions' stock, with significant recent increases in holdings from various investment firms.

Jacobs Solutions (NYSE:J - Get Free Report) had its price target lifted by equities researchers at Truist Financial from $148.00 to $163.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price objective would indicate a potential upside of 4.18% from the stock's current price.

J has been the subject of several other reports. KeyCorp upped their price target on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Weiss Ratings restated a "hold (c+)" rating on shares of Jacobs Solutions in a report on Saturday, September 27th. Citigroup increased their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a report on Monday, July 28th. UBS Group raised their target price 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 research 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $157.71.

Jacobs Solutions Price Performance

Shares of J traded up $1.15 during trading hours on Wednesday, hitting $156.46. 74,596 shares of the stock were exchanged, compared to its average volume of 795,382. The stock's 50-day moving average price is $147.47 and its two-hundred day moving average price is $133.81. The company has a market cap of $18.70 billion, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 1.83 and a beta of 0.81. 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 has a 12-month low of $106.23 and a 12-month high of $157.18.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC lifted its stake in Jacobs Solutions by 103.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company's stock worth $25,000 after purchasing an additional 95 shares during the last quarter. Rossby Financial LCC bought a new position in shares of Jacobs Solutions during the first quarter valued at $33,000. Costello Asset Management INC bought a new position in Jacobs Solutions during the second quarter worth $43,000. Moisand Fitzgerald Tamayo LLC bought a new position in Jacobs Solutions during the second quarter worth $44,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Jacobs Solutions in the second quarter valued at $44,000. Institutional investors and hedge funds 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.

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