Jacobs Solutions Inc. (NYSE:J – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $159.30.
Several research firms have commented on J. UBS Group upped their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Royal Bank of Canada raised their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Citigroup boosted their price objective on Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Truist Financial lowered their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Finally, Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research note on Friday, October 4th.
Check Out Our Latest Report on Jacobs Solutions
Insider Buying and Selling
Institutional Investors Weigh In On Jacobs Solutions
Large investors have recently bought and sold shares of the stock. EdgeRock Capital LLC acquired a new stake in Jacobs Solutions in the second quarter valued at approximately $26,000. Bruce G. Allen Investments LLC lifted its stake in shares of Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Jacobs Solutions in the third quarter valued at $42,000. Central Pacific Bank Trust Division bought a new position in shares of Jacobs Solutions in the first quarter valued at $48,000. Finally, LRI Investments LLC bought a new position in shares of Jacobs Solutions in the first quarter valued at $48,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.
Jacobs Solutions Trading Up 4.2 %
Shares of Jacobs Solutions stock opened at $147.62 on Friday. The stock has a market cap of $18.34 billion, a P/E ratio of 29.17, a P/E/G ratio of 1.41 and a beta of 0.71. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions has a 12-month low of $100.59 and a 12-month high of $148.89. The business’s 50 day moving average is $143.17 and its 200-day moving average is $142.59.
Jacobs Solutions (NYSE:J – Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same period in the prior year, the firm earned $1.82 EPS. Jacobs Solutions’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts predict that Jacobs Solutions will post 7.95 earnings per share for the current fiscal year.
Jacobs Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is 22.92%.
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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