Royal Bank of Canada Increases Jacobs Solutions (NYSE:J) Price Target to $167.00

Jacobs Solutions (NYSE:J) had its target price lifted by equities research analysts at Royal Bank of Canada from $161.00 to $167.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 18.17% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Citigroup boosted their target price on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. William Blair lowered Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Truist Financial restated a “hold” rating and issued a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a report on Wednesday. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd. Finally, Robert W. Baird cut their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $157.55.

Jacobs Solutions Price Performance

J traded up $0.63 during trading on Wednesday, hitting $141.32. The company’s stock had a trading volume of 208,507 shares, compared to its average volume of 658,978. The firm’s 50 day moving average price is $141.51 and its two-hundred day moving average price is $143.25. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. Jacobs Solutions has a 12 month low of $120.71 and a 12 month high of $154.50. The stock has a market capitalization of $17.70 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.96. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 EPS. Sell-side analysts forecast that Jacobs Solutions will post 7.98 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.94, for a total transaction of $979,580.00. Following the transaction, the insider now directly owns 534,138 shares of the company’s stock, valued at approximately $74,747,271.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold 21,000 shares of company stock valued at $2,983,750 in the last ninety days. 1.00% of the stock is owned by company insiders.

Institutional Trading of Jacobs Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in J. EdgeRock Capital LLC purchased a new stake in shares of Jacobs Solutions during the second quarter worth $26,000. GAMMA Investing LLC purchased a new stake in shares of Jacobs Solutions during the fourth quarter worth $27,000. Bruce G. Allen Investments LLC lifted its position in shares of Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in shares of Jacobs Solutions during the fourth quarter worth $30,000. Finally, Union Savings Bank lifted its position in shares of Jacobs Solutions by 78.1% during the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after acquiring an additional 125 shares in the last quarter. 85.65% of the stock is owned by 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.