Jacobs Solutions Inc. (NYSE:J) Given Consensus Rating of “Moderate Buy” by Analysts

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

J has been the topic of a number of recent analyst reports. Truist Financial decreased their price objective on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Robert W. Baird lifted their price target on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research report on Friday, October 4th. UBS Group raised their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada lowered their target price on Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st.

Institutional Investors Weigh In On Jacobs Solutions

Several hedge funds have recently added to or reduced their stakes in J. EdgeRock Capital LLC acquired a new position in Jacobs Solutions during the 2nd quarter worth about $26,000. Bruce G. Allen Investments LLC lifted its stake in shares of Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares during the period. First Horizon Advisors Inc. boosted its holdings in Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 74 shares during the last quarter. Quarry LP boosted its holdings in Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after acquiring an additional 233 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Jacobs Solutions during the 3rd quarter valued at approximately $42,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

J opened at $141.23 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.20. Jacobs Solutions has a 52-week low of $104.90 and a 52-week high of $150.54. The firm has a market cap of $17.51 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 2.13 and a beta of 0.71. The business’s fifty day moving average is $141.51 and its 200-day moving average is $142.39.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data 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 firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.90 earnings per share. Sell-side analysts expect that Jacobs Solutions will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.82%. Jacobs Solutions’s dividend payout ratio is presently 18.33%.

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.