The Goldman Sachs Group Reaffirms Neutral Rating for Jacobs Solutions (NYSE:J)

Jacobs Solutions (NYSE:J)‘s stock had its “neutral” rating reaffirmed by research analysts at The Goldman Sachs Group in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $150.00 price target on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 10.16% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. StockNews.com started coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. Robert W. Baird lifted their price objective on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Citigroup cut their price target on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Finally, Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $155.78.

Jacobs Solutions Stock Down 1.2 %

Jacobs Solutions stock opened at $136.16 on Tuesday. The firm has a market capitalization of $16.88 billion, a P/E ratio of 21.51, a P/E/G ratio of 2.08 and a beta of 0.70. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions has a twelve month low of $104.90 and a twelve month high of $150.54. The stock’s fifty day simple moving average is $140.09 and its 200-day simple moving average is $142.42.

Jacobs Solutions (NYSE:J) last posted 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 during the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. Jacobs Solutions’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.90 EPS. As a group, equities analysts expect that Jacobs Solutions will post 6.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jacobs Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. EdgeRock Capital LLC purchased a new position in Jacobs Solutions in the second quarter worth $26,000. First Horizon Advisors Inc. increased its holdings 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 in the last quarter. Quarry LP lifted its stake in shares of 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 purchasing an additional 233 shares during the period. Capital Performance Advisors LLP purchased a new stake in Jacobs Solutions during the third quarter worth about $42,000. Finally, True Wealth Design LLC acquired a new position in Jacobs Solutions during the third quarter worth about $44,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

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.