Jacobs Solutions (NYSE:J) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Jacobs Solutions has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating positive sentiment among analysts regarding the company's stock.
• Several analysts, including Citigroup and UBS Group, raised their price targets for Jacobs Solutions, with the consensus average price target now at $155.25.
• Jacobs Solutions recently reported an EPS of $1.62 for its latest quarter, exceeding expectations, although its revenue of $3.03 billion was down 28.4% year-over-year.

Wall Street Zen upgraded shares of Jacobs Solutions (NYSE:J - Free Report) from a hold rating to a buy rating in a research report released on Saturday morning.

J has been the topic of several other research reports. Royal Bank Of Canada boosted their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Citigroup lifted their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. KeyCorp boosted their target price on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. UBS Group lifted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Truist Financial upped 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. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Jacobs Solutions currently has an average rating of "Moderate Buy" and an average price target of $155.25.

Jacobs Solutions Stock Performance

NYSE:J traded down $1.47 during mid-day trading on Friday, hitting $143.77. 185,447 shares of the company traded hands, compared to its average volume of 807,314. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock's fifty day moving average price is $141.17 and its 200-day moving average price is $129.76. The firm has a market cap of $17.19 billion, a price-to-earnings ratio of 35.85, a price-to-earnings-growth ratio of 1.99 and a beta of 0.79. Jacobs Solutions has a one year low of $106.23 and a one year high of $152.40.

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, beating analysts' consensus estimates of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the company posted $1.96 EPS. The firm's 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. Research analysts anticipate that Jacobs Solutions will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be issued a $0.32 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions's payout ratio is currently 31.92%.

Institutional Investors Weigh In On Jacobs Solutions

Large investors have recently modified their holdings of the business. Lazard Asset Management LLC increased its stake in Jacobs Solutions by 933.6% during the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after purchasing an additional 1,904,988 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Jacobs Solutions by 828.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company's stock valued at $174,434,000 after acquiring an additional 1,184,068 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Jacobs Solutions by 68.8% in the second quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company's stock worth $168,194,000 after acquiring an additional 525,291 shares during the period. Invesco Ltd. raised its holdings in shares of Jacobs Solutions by 21.4% during the second quarter. Invesco Ltd. now owns 2,607,361 shares of the company's stock worth $342,738,000 after purchasing an additional 460,283 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Jacobs Solutions by 350.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 552,594 shares of the company's stock valued at $72,638,000 after purchasing an additional 429,880 shares during the period. Hedge funds and other institutional investors 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.