Jacobs Solutions (NYSE:J) Price Target Raised to $170.00 at KeyCorp

Key Points

• KeyCorp raised its price target for Jacobs Solutions from $157.00 to $170.00, suggesting a potential upside of 9.41% based on the current stock price.
• The stock currently holds a consensus rating of "Moderate Buy" with an average target price of $159.57, according to multiple analysts' reports.
• Jacobs Solutions recently reported $1.62 earnings per share (EPS) for the last quarter, exceeding estimates, but showed a 28.4% decline in year-over-year revenue.

Jacobs Solutions (NYSE:J - Get Free Report) had its price objective lifted by analysts at KeyCorp from $157.00 to $170.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's target price points to a potential upside of 9.41% from the company's current price.

Other research 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 report on Wednesday, October 8th. Truist Financial lifted their target price on Jacobs Solutions from $148.00 to $163.00 and gave the stock a "hold" rating in a report on Wednesday, October 8th. Citigroup raised their target price on shares of 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 shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen cut Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Saturday. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $159.57.

Jacobs Solutions Stock Performance

Shares of J opened at $155.37 on Monday. The business's fifty day moving average price is $149.42 and its 200 day moving average price is $135.77. Jacobs Solutions has a 12-month low of $106.23 and a 12-month high of $161.99. The stock has a market capitalization of $18.57 billion, a PE ratio of 38.75, 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 current ratio of 1.39 and a quick ratio of 1.39.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data 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 return on equity of 17.13% and a net margin of 4.16%.The firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same period last year, the business posted $1.96 earnings per share. The firm's revenue for the quarter was down 28.4% on a year-over-year basis. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Equities research analysts forecast that Jacobs Solutions will post 6.05 EPS for the current year.

Hedge Funds Weigh In On Jacobs Solutions

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