Jacobs Solutions (NYSE:J) Given New $160.00 Price Target at Citigroup

Jacobs Solutions (NYSE:J) had its price target dropped by research analysts at Citigroup from $161.00 to $160.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 14.40% from the stock’s current price.

A number of other brokerages have also weighed in on J. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Robert W. Baird boosted their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. StockNews.com began coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $139.86 on Wednesday. Jacobs Solutions has a 1 year low of $110.95 and a 1 year high of $150.54. The company’s 50 day simple moving average is $136.65 and its 200 day simple moving average is $141.52. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 2.14 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, November 19th. The company reported $1.37 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 the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $1.90 EPS. As a group, research analysts predict that Jacobs Solutions will post 6.06 EPS for the current fiscal year.

Institutional Trading of Jacobs Solutions

Several hedge funds have recently modified their holdings of the stock. Sheaff Brock Investment Advisors LLC raised its position in shares of Jacobs Solutions by 12.9% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 7,010 shares of the company’s stock worth $937,000 after purchasing an additional 800 shares during the period. Allworth Financial LP raised its holdings in Jacobs Solutions by 74.2% during the fourth quarter. Allworth Financial LP now owns 7,558 shares of the company’s stock worth $1,070,000 after buying an additional 3,219 shares during the last quarter. Montag A & Associates Inc. lifted its stake in shares of Jacobs Solutions by 24,214.3% in the fourth quarter. Montag A & Associates Inc. now owns 1,702 shares of the company’s stock valued at $227,000 after buying an additional 1,695 shares in the last quarter. Manchester Capital Management LLC grew its holdings in shares of Jacobs Solutions by 20.4% during the fourth quarter. Manchester Capital Management LLC now owns 1,566 shares of the company’s stock valued at $209,000 after buying an additional 265 shares during the last quarter. Finally, WASHINGTON TRUST Co grew its holdings in shares of Jacobs Solutions by 8.7% during the fourth quarter. WASHINGTON TRUST Co now owns 126,330 shares of the company’s stock valued at $16,880,000 after buying an additional 10,133 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

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.