Jacobs Solutions (NYSE:J) Price Target Raised to $166.00

Key Points

• UBS Group raised the price target for Jacobs Solutions from $152.00 to $166.00, indicating a potential upside of 12.92% from the stock's previous close.
• Jacobs Solutions reported $1.62 EPS for the recent quarter, surpassing analysts' expectations of $1.56, despite a 28.4% year-over-year revenue decline to $3.03 billion.
• The stock currently holds a consensus rating of "Moderate Buy," with four analysts rating it as a hold and six as a buy.

Jacobs Solutions (NYSE:J - Get Free Report) had its target price boosted by UBS Group from $152.00 to $166.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's target price suggests a potential upside of 12.92% from the stock's previous close.

Other equities analysts also recently issued research reports about the stock. KeyCorp boosted their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday. Royal Bank Of Canada boosted their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Truist Financial boosted their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Finally, Citigroup upped their price target on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $155.25.

Jacobs Solutions Stock Performance

J stock traded up $1.79 on Wednesday, hitting $147.00. The company's stock had a trading volume of 321,559 shares, compared to its average volume of 830,114. The firm has a 50 day moving average of $132.90 and a two-hundred day moving average of $128.17. Jacobs Solutions has a 1 year low of $106.23 and a 1 year high of $150.54. The stock has a market cap of $17.66 billion, a price-to-earnings ratio of 40.46, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results 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. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The company had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same period last year, the company earned $1.96 EPS. The firm's revenue for the quarter was down 28.4% compared to the same quarter last year. Equities analysts predict that Jacobs Solutions will post 6.05 EPS for the current fiscal year.

Institutional Trading of Jacobs Solutions

Several institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in shares of Jacobs Solutions by 7.3% in the fourth quarter. Franklin Resources Inc. now owns 9,290 shares of the company's stock valued at $1,241,000 after buying an additional 628 shares during the period. World Investment Advisors increased its position in Jacobs Solutions by 19.4% in the fourth quarter. World Investment Advisors now owns 2,101 shares of the company's stock worth $281,000 after buying an additional 342 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in shares of Jacobs Solutions in the fourth quarter valued at $4,825,000. Aviva PLC grew its position in shares of Jacobs Solutions by 1,476.3% in the fourth 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 in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Jacobs Solutions by 18.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 347,264 shares of the company's stock valued at $46,401,000 after buying an additional 52,920 shares during the period. 85.65% of the stock is currently owned by institutional investors.

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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