Jacobs Solutions (NYSE:J) Stock Rating Lowered by Wall Street Zen

Key Points

• Jacobs Solutions' stock was downgraded from a "buy" to a "hold" rating by Wall Street Zen, indicating a shift in analyst sentiment towards the company's performance.
• Despite the downgrade, several other firms, including UBS Group and Citigroup, have set higher price targets for the stock, with a consensus target price of $157.71.
• Jacobs Solutions reported a 28.4% decline in quarterly revenue compared to the previous year, although it beat earnings per share estimates by $0.06.

Jacobs Solutions (NYSE:J - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Several other research firms have also recently weighed in on J. UBS Group increased their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Truist Financial increased their price objective on shares of Jacobs Solutions from $148.00 to $163.00 and gave the stock a "hold" rating in a research report on Wednesday, October 8th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. Citigroup increased their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, KeyCorp increased their price objective on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $157.71.

Jacobs Solutions Price Performance

J stock opened at $155.37 on Friday. The company has a 50 day simple moving average of $149.42 and a 200 day simple moving average of $135.57. The stock has a market cap of $18.57 billion, a price-to-earnings ratio of 38.75, a P/E/G ratio of 1.84 and a beta of 0.81. Jacobs Solutions has a 1 year low of $106.23 and a 1 year high of $161.99. 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 released its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the prior year, the company earned $1.96 EPS. The firm's quarterly revenue was down 28.4% compared to the same quarter last year. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Research analysts anticipate that Jacobs Solutions will post 6.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC raised its position 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 worth $25,000 after acquiring an additional 95 shares during the period. Rossby Financial LCC bought a new stake in Jacobs Solutions in the first quarter worth about $33,000. Costello Asset Management INC bought a new stake in Jacobs Solutions in the second quarter worth about $43,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Jacobs Solutions in the second quarter worth about $44,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Jacobs Solutions in the second quarter worth about $44,000. 85.65% of the stock is 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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