StockNews.com Begins Coverage on Jacobs Solutions (NYSE:J)

StockNews.com started coverage on shares of Jacobs Solutions (NYSE:J) in a note issued to investors on Tuesday. The firm set a “buy” rating on the stock.

A number of other analysts have also recently commented on the company. UBS Group upped their price target on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Raymond James raised 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. Robert W. Baird boosted their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Citigroup decreased their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $141.12 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $17.53 billion, a P/E ratio of 22.29, a P/E/G ratio of 2.10 and a beta of 0.71. The business has a 50-day moving average price of $141.83 and a two-hundred day moving average price of $142.31. Jacobs Solutions has a 1-year low of $101.64 and a 1-year high of $150.54.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $1.90 earnings per share. Equities analysts predict that Jacobs Solutions will post 6.06 earnings per share for the current year.

Hedge Funds Weigh In On Jacobs Solutions

A number of large investors have recently bought and sold shares of J. Tlwm boosted its holdings in shares of Jacobs Solutions by 1.2% in the 2nd quarter. Tlwm now owns 6,046 shares of the company’s stock valued at $845,000 after buying an additional 74 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after buying an additional 74 shares during the last quarter. Hudson Edge Investment Partners Inc. boosted its holdings in shares of Jacobs Solutions by 1.4% in the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock valued at $834,000 after buying an additional 82 shares during the last quarter. Empirical Finance LLC boosted its holdings in shares of Jacobs Solutions by 1.9% in the 3rd quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock valued at $570,000 after buying an additional 82 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings in shares of Jacobs Solutions by 4.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock valued at $293,000 after buying an additional 86 shares during the last quarter. Institutional investors and hedge funds 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.