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

Jacobs Solutions Inc. (NYSE:J) has been given an average rating of “Moderate Buy” by the eleven brokerages that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $156.11.

Several research firms recently weighed in on J. StockNews.com started coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. Citigroup lowered their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock 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 for the company in a report on Friday, October 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th.

Institutional Trading of Jacobs Solutions

Several institutional investors and hedge funds have recently made changes to their positions in J. Thrivent Financial for Lutherans raised its stake in shares of Jacobs Solutions by 5,170.1% during the second quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock valued at $58,550,000 after acquiring an additional 411,123 shares in the last quarter. Sessa Capital IM L.P. purchased a new position in Jacobs Solutions during the 3rd quarter worth $46,168,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in Jacobs Solutions by 6.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock valued at $464,736,000 after purchasing an additional 192,166 shares in the last quarter. Soros Fund Management LLC lifted its holdings in shares of Jacobs Solutions by 34.3% in the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock worth $65,569,000 after buying an additional 127,874 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Jacobs Solutions by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock worth $169,366,000 after buying an additional 127,605 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Price Performance

J opened at $139.18 on Thursday. The company’s 50-day simple moving average is $136.91 and its two-hundred day simple moving average is $141.51. 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 stock has a market capitalization of $17.26 billion, a P/E ratio of 21.99, a P/E/G ratio of 2.00 and a beta of 0.72. Jacobs Solutions has a 52-week low of $108.64 and a 52-week high of $150.54.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share 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 firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same period in the previous year, the company earned $1.90 earnings per share. Jacobs Solutions’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts predict that Jacobs Solutions will post 6.06 EPS for the current year.

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.