Jacobs Solutions (NYSE:J - Free Report) had its price objective boosted by Citigroup from $147.47 to $166.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the stock.
A number of other research firms have also recently issued reports on J. Truist Financial boosted their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Royal Bank Of Canada boosted their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. KeyCorp raised Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 price target on the stock in a research note on Wednesday, July 16th. Finally, UBS Group decreased their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions currently has an average rating of "Moderate Buy" and an average price target of $153.25.
Check Out Our Latest Report on Jacobs Solutions
Jacobs Solutions Stock Performance
Shares of J traded down $3.63 on Monday, reaching $138.24. 208,634 shares of the stock traded hands, compared to its average volume of 821,151. The firm has a market cap of $16.61 billion, a price-to-earnings ratio of 38.05, a P/E/G ratio of 1.99 and a beta of 0.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.50. Jacobs Solutions has a 12 month low of $106.23 and a 12 month high of $150.54. The stock's 50-day moving average price is $132.01 and its 200-day moving average price is $128.15.
Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. Jacobs Solutions's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.91 earnings per share. Equities 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, September 19th. Shareholders of record on Friday, August 22nd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions's dividend payout ratio is currently 35.26%.
Hedge Funds Weigh In On Jacobs Solutions
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kovitz Investment Group Partners LLC boosted its stake in Jacobs Solutions by 345.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock worth $619,676,000 after purchasing an additional 3,597,564 shares in the last quarter. Geode Capital Management LLC boosted its stake in Jacobs Solutions by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock worth $420,626,000 after purchasing an additional 10,174 shares in the last quarter. Ninety One UK Ltd boosted its stake in Jacobs Solutions by 17.1% in the second quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company's stock worth $335,095,000 after purchasing an additional 372,275 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Jacobs Solutions by 1.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,458,958 shares of the company's stock worth $326,181,000 after purchasing an additional 32,043 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Jacobs Solutions by 5.3% in the first quarter. Invesco Ltd. now owns 2,147,078 shares of the company's stock worth $259,560,000 after purchasing an additional 108,366 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.
About Jacobs Solutions
(
Get Free Report)
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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