Citigroup Boosts Jacobs Solutions (NYSE:J) Price Target to $169.00

Jacobs Solutions (NYSE:J) had its price target hoisted by Citigroup from $161.00 to $169.00 in a research note published on Monday, Benzinga reports. They currently have a buy rating on the stock.

J has been the subject of a number of other research reports. Bank of America boosted their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a neutral rating in a research note on Tuesday, April 2nd. Argus boosted their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a buy rating in a research note on Thursday, March 14th. Truist Financial initiated coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They set a hold rating and a $154.00 target price for the company. Royal Bank of Canada boosted their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. Finally, KeyCorp assumed coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They set a sector weight rating for the company. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $155.25.

Jacobs Solutions Stock Up 0.1 %

J opened at $144.18 on Monday. Jacobs Solutions has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The company has a fifty day moving average of $147.55 and a two-hundred day moving average of $137.87. The stock has a market capitalization of $18.12 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.53 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.67 earnings per share. On average, research analysts expect that Jacobs Solutions will post 8.07 earnings per share for the current year.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at approximately $35,711,532.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at approximately $35,711,532.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patrick Hill sold 5,486 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $149.00, for a total transaction of $817,414.00. Following the completion of the transaction, the executive vice president now owns 57,233 shares in the company, valued at $8,527,717. The disclosure for this sale can be found here. Insiders have sold 15,838 shares of company stock worth $2,393,710 in the last ninety days. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Jacobs Solutions

Several large investors have recently made changes to their positions in J. First Pacific Financial acquired a new position in shares of Jacobs Solutions in the 4th quarter worth approximately $27,000. GAMMA Investing LLC acquired a new position in shares of Jacobs Solutions in the 4th quarter worth approximately $27,000. ICA Group Wealth Management LLC acquired a new stake in Jacobs Solutions during the 4th quarter worth approximately $30,000. Park Place Capital Corp lifted its holdings in Jacobs Solutions by 473.9% during the 3rd quarter. Park Place Capital Corp now owns 264 shares of the company’s stock worth $36,000 after buying an additional 218 shares in the last quarter. Finally, Union Savings Bank lifted its holdings in Jacobs Solutions by 78.1% during the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after buying an additional 125 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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.