Wall Street Zen Downgrades Jacobs Solutions (NYSE:J) to Hold

Jacobs Solutions (NYSE:J) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts have also recently issued reports on J. KeyCorp increased their price objective on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Truist Financial upped their target price on shares of Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. UBS Group increased 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Finally, Citigroup boosted their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.71.

Jacobs Solutions Stock Performance

NYSE:J opened at $155.37 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a 50-day simple moving average of $149.42 and a two-hundred day simple moving average of $135.77. The firm has a market capitalization of $18.57 billion, a PE ratio of 38.75, a P/E/G ratio of 1.83 and a beta of 0.81. Jacobs Solutions has a 52-week low of $106.23 and a 52-week high of $161.99.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.The firm’s revenue was down 28.4% on a year-over-year basis. 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. Analysts forecast that Jacobs Solutions will post 6.05 EPS for the current year.

Institutional Investors Weigh In On Jacobs Solutions

Large investors have recently made changes to their positions in the company. Ethic Inc. lifted its position in shares of Jacobs Solutions by 342.5% in the third quarter. Ethic Inc. now owns 14,518 shares of the company’s stock worth $2,176,000 after buying an additional 11,237 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in Jacobs Solutions by 28.9% during the 3rd quarter. Perigon Wealth Management LLC now owns 6,742 shares of the company’s stock valued at $1,010,000 after buying an additional 1,511 shares in the last quarter. E. Ohman J or Asset Management AB bought a new stake in Jacobs Solutions in the 3rd quarter worth approximately $719,000. Apollon Wealth Management LLC raised its holdings in shares of Jacobs Solutions by 0.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 10,100 shares of the company’s stock worth $1,514,000 after acquiring an additional 90 shares in the last quarter. Finally, HBK Sorce Advisory LLC bought a new position in shares of Jacobs Solutions during the 3rd quarter valued at approximately $222,000. 85.65% of the stock is owned by institutional investors.

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.