Wells Fargo & Company Has Lowered Expectations for Jacobs Solutions (NYSE:J) Stock Price

Jacobs Solutions (NYSE:J) had its price objective dropped by investment analysts at Wells Fargo & Company from $160.00 to $130.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 1.75% from the stock’s previous close.

J has been the subject of a number of other reports. Bank of America reduced their price target on shares of Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jacobs Solutions in a research note on Wednesday, October 8th. Citigroup boosted their price target on Jacobs Solutions from $169.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Finally, UBS Group raised their price target on Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Hold” and a consensus target price of $156.70.

Jacobs Solutions Trading Down 1.1%

Shares of J traded down $1.41 during midday trading on Friday, reaching $127.76. The company had a trading volume of 629,294 shares, compared to its average volume of 856,227. Jacobs Solutions has a 1-year low of $106.23 and a 1-year high of $168.44. The stock has a market cap of $15.27 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. The firm has a 50 day simple moving average of $153.19 and a 200-day simple moving average of $141.76. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Thursday, November 20th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.08. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. Research analysts forecast that Jacobs Solutions will post 6.05 EPS for the current fiscal year.

Institutional Trading of Jacobs Solutions

Several hedge funds have recently bought and sold shares of J. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Jacobs Solutions by 103.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock valued at $25,000 after buying an additional 95 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Jacobs Solutions during the third quarter valued at $27,000. Godsey & Gibb Inc. increased its position in shares of Jacobs Solutions by 121.0% during the third quarter. Godsey & Gibb Inc. now owns 221 shares of the company’s stock worth $33,000 after buying an additional 121 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Jacobs Solutions by 65.4% during the third quarter. Geneos Wealth Management Inc. now owns 220 shares of the company’s stock valued at $33,000 after purchasing an additional 87 shares during the period. Finally, Wealth Watch Advisors INC bought a new stake in Jacobs Solutions during the 3rd quarter worth approximately $33,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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.