Jacobs Solutions (NYSE:J) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup has raised its target price for Jacobs Solutions from $169.00 to $185.00, signaling a potential upside of 16.70% from the current stock price.
• The company recorded a quarterly EPS of $1.62, exceeding estimates, although its revenue of $3.03 billion fell below expectations and showed a 28.4% decline year-over-year.
• Currently, Jacobs Solutions holds a consensus rating of "Moderate Buy" with six analysts rating it as a buy and four as hold, reflecting overall positive sentiment in the market.

Jacobs Solutions (NYSE:J - Get Free Report) had its target price lifted by Citigroup from $169.00 to $185.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price objective indicates a potential upside of 16.70% from the company's current price.

A number of other brokerages have also weighed in on J. KeyCorp boosted their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an "overweight" rating in a report on Monday. Truist Financial upped their target price on shares of Jacobs Solutions from $148.00 to $163.00 and gave the stock a "hold" rating in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Saturday. Barclays increased their price objective on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Monday. Finally, UBS Group upped their target price on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $162.00.

Jacobs Solutions Price Performance

NYSE J traded up $3.14 during trading hours on Monday, reaching $158.53. 813,724 shares of the stock traded hands, compared to its average volume of 809,562. The company has a market cap of $18.95 billion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 1.83 and a beta of 0.81. The stock has a 50 day simple moving average of $149.42 and a two-hundred day simple moving average of $135.77. 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 has a 1 year low of $106.23 and a 1 year high of $161.99.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 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 the consensus estimate of $3.09 billion. During the same quarter in the previous year, the business earned $1.96 earnings per share. 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. On average, analysts predict that Jacobs Solutions will post 6.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC lifted its position in Jacobs Solutions by 103.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company's stock valued at $25,000 after acquiring an additional 95 shares in the last quarter. Rossby Financial LCC purchased a new stake in Jacobs Solutions in the 1st quarter worth $33,000. Costello Asset Management INC purchased a new stake in Jacobs Solutions in the 2nd quarter worth $43,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Jacobs Solutions during the second quarter valued at about $44,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Jacobs Solutions during the second quarter valued at about $44,000. Hedge funds and other 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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