Jacobs Solutions Inc. (NYSE:J) Receives $155.25 Average Target Price from Analysts

Shares of Jacobs Solutions Inc. (NYSE:J) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $155.25.

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded Jacobs Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Citigroup boosted their target price on Jacobs Solutions from $147.47 to $166.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. UBS Group boosted their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, KeyCorp boosted their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th.

Jacobs Solutions Stock Up 1.2%

Shares of NYSE:J opened at $148.04 on Tuesday. The business has a 50-day moving average price of $145.86 and a 200 day moving average price of $132.31. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $17.70 billion, a price-to-earnings ratio of 36.92, a PEG ratio of 2.01 and a beta of 0.79. Jacobs Solutions has a 12-month low of $106.23 and a 12-month high of $152.40.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.Jacobs Solutions’s revenue was down 28.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Sell-side analysts expect that Jacobs Solutions will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were paid a $0.32 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions’s payout ratio is currently 31.92%.

Institutional Investors Weigh In On Jacobs Solutions

Several large investors have recently modified their holdings of J. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Jacobs Solutions by 103.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock valued at $25,000 after purchasing an additional 95 shares during the period. Rossby Financial LCC purchased a new position in Jacobs Solutions in the 1st quarter valued at approximately $33,000. Costello Asset Management INC acquired a new position in Jacobs Solutions during the second quarter worth $43,000. CYBER HORNET ETFs LLC purchased a new stake in Jacobs Solutions during the second quarter worth $44,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in Jacobs Solutions in the second quarter valued at $44,000. Hedge funds and other 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.