Brokerages Set Jacobs Solutions Inc. (NYSE:J) Price Target at $156.50

Jacobs Solutions Inc. (NYSE:J) has been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $156.50.

Several brokerages have commented on J. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a report on Friday, October 4th. Citigroup dropped their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Royal Bank of Canada reduced their target price on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. Truist Financial dropped their price target 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, Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Jacobs Solutions Trading Up 0.0 %

NYSE:J opened at $141.23 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. Jacobs Solutions has a 1-year low of $104.90 and a 1-year high of $150.54. The firm has a market capitalization of $17.51 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 2.13 and a beta of 0.71. The business’s 50-day moving average price is $141.51 and its two-hundred day moving average price is $142.39.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). The firm 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 firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.90 EPS. On average, equities analysts expect that Jacobs Solutions will post 6.06 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. Jacobs Solutions’s dividend payout ratio (DPR) is 18.33%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Boston Partners increased its position in Jacobs Solutions by 27.9% during the 1st quarter. Boston Partners now owns 3,697,086 shares of the company’s stock worth $567,436,000 after buying an additional 805,657 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Jacobs Solutions by 5,170.1% in the second quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock valued at $58,550,000 after acquiring an additional 411,123 shares in the last quarter. Sessa Capital IM L.P. acquired a new position in shares of Jacobs Solutions in the third quarter valued at about $46,168,000. Barrow Hanley Mewhinney & Strauss LLC increased its position in Jacobs Solutions by 6.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after acquiring an additional 192,166 shares during the period. Finally, Westwood Holdings Group Inc. raised its stake in Jacobs Solutions by 7,306.2% in the 1st quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company’s stock worth $21,223,000 after purchasing an additional 136,187 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

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.