Citigroup Forecasts Strong Price Appreciation for Jacobs Solutions (NYSE:J) Stock

Jacobs Solutions (NYSE:J) had its target price boosted by equities researchers at Citigroup from $169.00 to $185.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 12.45% from the company’s previous close.

Several other research firms also recently issued reports on J. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday. KeyCorp lifted their price target on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. Barclays lifted their price target on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday. Finally, UBS Group lifted their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Jacobs Solutions Stock Performance

NYSE J opened at $164.52 on Monday. The company has a fifty day simple moving average of $150.01 and a 200 day simple moving average of $136.32. Jacobs Solutions has a 12-month low of $106.23 and a 12-month high of $166.22. 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 cap of $19.67 billion, a P/E ratio of 41.03, a PEG ratio of 1.91 and a beta of 0.81.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the firm posted $1.96 EPS. Jacobs Solutions’s revenue was down 28.4% compared to the same quarter last year. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Sell-side analysts predict that Jacobs Solutions will post 6.05 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 made changes to their positions in the stock. Fulton Bank N.A. boosted its holdings in shares of Jacobs Solutions by 2.7% in the 3rd quarter. Fulton Bank N.A. now owns 8,803 shares of the company’s stock worth $1,319,000 after buying an additional 233 shares during the last quarter. Brave Asset Management Inc. purchased a new position in shares of Jacobs Solutions in the 3rd quarter worth about $211,000. Altfest L J & Co. Inc. purchased a new position in shares of Jacobs Solutions in the 3rd quarter worth about $578,000. Ninety One SA PTY Ltd boosted its holdings in shares of Jacobs Solutions by 2.9% in the 3rd quarter. Ninety One SA PTY Ltd now owns 55,418 shares of the company’s stock worth $8,305,000 after buying an additional 1,548 shares during the last quarter. Finally, Ninety One UK Ltd raised its stake in Jacobs Solutions by 20.4% in the 3rd quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock valued at $460,016,000 after acquiring an additional 520,417 shares during the period. 85.65% of the stock is 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.