KeyCorp Upgrades Jacobs Solutions (NYSE:J) to Overweight

Jacobs Solutions (NYSE:J - Get Free Report) was upgraded by analysts at KeyCorp from a "sector weight" rating to an "overweight" rating in a research note issued on Wednesday, MarketBeat Ratings reports. The firm currently has a $155.00 price objective on the stock. KeyCorp's price target would suggest a potential upside of 12.44% from the company's current price.

A number of other research analysts have also commented on the stock. UBS Group lowered their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Royal Bank Of Canada raised their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Citigroup lowered their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Truist Financial raised their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $151.38.

Jacobs Solutions Stock Performance

NYSE J traded up $4.13 during trading hours on Wednesday, reaching $137.85. The company's stock had a trading volume of 1,193,105 shares, compared to its average volume of 801,981. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. The business has a 50-day simple moving average of $128.50 and a 200 day simple moving average of $127.48. Jacobs Solutions has a 52 week low of $106.23 and a 52 week high of $156.31. The stock has a market cap of $16.56 billion, a PE ratio of 37.98, a PEG ratio of 1.92 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The company 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%. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.91 earnings per share. Equities research analysts predict that Jacobs Solutions will post 6.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jacobs Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Jacobs Solutions during the 2nd quarter valued at $44,000. Patton Fund Management Inc. purchased a new position in shares of Jacobs Solutions during the 2nd quarter valued at $238,000. A. D. Beadell Investment Counsel Inc. grew its holdings in shares of Jacobs Solutions by 1.6% during the 2nd quarter. A. D. Beadell Investment Counsel Inc. now owns 15,835 shares of the company's stock valued at $2,081,000 after acquiring an additional 250 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Jacobs Solutions by 4.8% during the 2nd quarter. Perigon Wealth Management LLC now owns 5,231 shares of the company's stock valued at $688,000 after acquiring an additional 239 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in shares of Jacobs Solutions by 10.1% during the 2nd quarter. TD Private Client Wealth LLC now owns 7,348 shares of the company's stock valued at $966,000 after acquiring an additional 675 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other 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.