Jacobs Solutions Inc. (NYSE:J) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Jacobs Solutions Inc. (NYSE:J) have been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $156.11.

Several equities analysts recently commented on J shares. StockNews.com started coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating for the company. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Citigroup reduced their target price on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Finally, Robert W. Baird lifted their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th.

Jacobs Solutions Stock Performance

NYSE J opened at $135.75 on Friday. Jacobs Solutions has a 52-week low of $104.90 and a 52-week high of $150.54. The firm has a market capitalization of $16.84 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 2.04 and a beta of 0.70. The company’s fifty day moving average is $139.89 and its two-hundred day moving average is $142.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20.

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

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s dividend payout ratio is presently 18.33%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in Jacobs Solutions by 3.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,401 shares of the company’s stock worth $475,000 after purchasing an additional 119 shares during the last quarter. Raymond James & Associates raised its stake in shares of Jacobs Solutions by 0.8% during the second quarter. Raymond James & Associates now owns 109,435 shares of the company’s stock worth $15,289,000 after buying an additional 873 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Jacobs Solutions by 3.3% in the second quarter. Fifth Third Bancorp now owns 3,697 shares of the company’s stock valued at $517,000 after buying an additional 117 shares during the period. &PARTNERS bought a new position in Jacobs Solutions in the second quarter valued at approximately $366,000. Finally, Atlantic Union Bankshares Corp grew its holdings in Jacobs Solutions by 31.0% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 2,475 shares of the company’s stock worth $346,000 after acquiring an additional 586 shares during the period. Institutional investors and hedge funds 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.