Jacobs Solutions (NYSE:J) Price Target Increased to $169.00 by Analysts at Citigroup

Jacobs Solutions (NYSE:J) had its price target boosted by research analysts at Citigroup from $161.00 to $169.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 16.57% from the company’s previous close.

J has been the topic of a number of other reports. Argus raised their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Truist Financial assumed coverage on Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price for the company. Royal Bank of Canada raised their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. KeyCorp initiated coverage on Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Finally, Bank of America increased their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.25.

Jacobs Solutions Trading Up 0.8 %

NYSE:J traded up $1.15 during trading hours on Monday, hitting $144.98. 119,511 shares of the stock were exchanged, compared to its average volume of 651,868. The company has a market capitalization of $18.22 billion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 1.52 and a beta of 0.73. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $147.62 and its two-hundred day moving average is $137.66. Jacobs Solutions has a twelve month low of $109.00 and a twelve month high of $154.50.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.46. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 earnings per share. On average, sell-side analysts anticipate that Jacobs Solutions will post 8.07 earnings per share for the current fiscal year.

Insider Activity

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the completion of the sale, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at approximately $35,711,532.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction on Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the transaction, the executive vice president now owns 28,791 shares in the company, valued at approximately $4,261,068. The disclosure for this sale can be found here. Insiders have sold 15,838 shares of company stock valued at $2,393,710 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jacobs Solutions

Several institutional investors and hedge funds have recently made changes to their positions in J. Mirabella Financial Services LLP acquired a new stake in Jacobs Solutions during the 3rd quarter valued at approximately $202,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in Jacobs Solutions during the fourth quarter worth $5,192,000. Wellington Management Group LLP raised its stake in Jacobs Solutions by 62.7% during the third quarter. Wellington Management Group LLP now owns 61,010 shares of the company’s stock worth $8,328,000 after buying an additional 23,509 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Jacobs Solutions by 9.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 691,955 shares of the company’s stock valued at $94,452,000 after buying an additional 62,259 shares during the period. Finally, Raymond James & Associates boosted its position in Jacobs Solutions by 14.7% during the third quarter. Raymond James & Associates now owns 80,498 shares of the company’s stock valued at $10,988,000 after acquiring an additional 10,296 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.