Truist Financial Issues Positive Forecast for Jacobs Solutions (NYSE:J) Stock Price

Jacobs Solutions (NYSE:J) had its price objective hoisted by equities researchers at Truist Financial from $137.00 to $142.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price objective points to a potential upside of 5.42% from the company’s previous close.

A number of other research firms have also issued reports on J. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. 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 research note on Wednesday, November 20th. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Raymond James raised 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. Finally, Robert W. Baird increased their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions has an average rating of “Hold” and a consensus target price of $156.11.

Jacobs Solutions Stock Performance

NYSE J traded up $2.14 during trading on Thursday, reaching $134.70. The company’s stock had a trading volume of 80,127 shares, compared to its average volume of 804,540. The business’s fifty day moving average price is $139.99 and its 200-day moving average price is $142.24. Jacobs Solutions has a twelve month low of $104.90 and a twelve month high of $150.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $16.71 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 2.04 and a beta of 0.70.

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

Institutional Investors Weigh In On Jacobs Solutions

Several institutional investors have recently modified their holdings of J. Inspire Trust Co. N.A. raised its stake in shares of Jacobs Solutions by 28.7% during the 3rd quarter. Inspire Trust Co. N.A. now owns 8,980 shares of the company’s stock worth $1,175,000 after buying an additional 2,000 shares during the last quarter. Synovus Financial Corp increased its holdings in Jacobs Solutions by 7.3% during the 3rd quarter. Synovus Financial Corp now owns 5,117 shares of the company’s stock valued at $670,000 after acquiring an additional 350 shares in the last quarter. Tidal Investments LLC raised its position in Jacobs Solutions by 3.5% during the third quarter. Tidal Investments LLC now owns 24,440 shares of the company’s stock worth $3,199,000 after acquiring an additional 829 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Jacobs Solutions in the third quarter valued at about $3,205,000. Finally, Sanctuary Advisors LLC grew its position in shares of Jacobs Solutions by 79.8% in the third quarter. Sanctuary Advisors LLC now owns 18,201 shares of the company’s stock valued at $2,500,000 after purchasing an additional 8,076 shares during the last quarter. Hedge funds and other institutional investors 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.