Jacobs Solutions (NYSE:J) Given New $160.00 Price Target at Citigroup

Jacobs Solutions (NYSE:J) had its target price cut by equities researchers at Citigroup from $161.00 to $160.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 16.29% from the stock’s previous close.

Several other research analysts have also recently commented on J. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a report on Friday, October 4th. Robert W. Baird increased their target price on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. StockNews.com began coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and an average target price of $156.00.

Jacobs Solutions Price Performance

J stock opened at $137.59 on Wednesday. The business’s fifty day moving average price is $136.55 and its 200 day moving average price is $141.55. Jacobs Solutions has a 12-month low of $110.95 and a 12-month high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $17.06 billion, a PE ratio of 21.74, a P/E/G ratio of 2.14 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the previous year, the business posted $1.90 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Jacobs Solutions will post 6.06 EPS for the current year.

Hedge Funds Weigh In On Jacobs Solutions

Institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. grew its stake 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 purchasing an additional 74 shares during the last quarter. Quarry LP lifted its holdings in shares of Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after purchasing an additional 233 shares during the period. Capital Performance Advisors LLP purchased a new position in Jacobs Solutions in the 3rd quarter valued at $42,000. True Wealth Design LLC acquired a new position in Jacobs Solutions in the 3rd quarter valued at $44,000. Finally, GAMMA Investing LLC raised its position in Jacobs Solutions by 55.8% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after buying an additional 145 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

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.