Royal Bank Of Canada Forecasts Strong Price Appreciation for Jacobs Solutions (NYSE:J) Stock

Jacobs Solutions (NYSE:J) had its price target lifted by equities researchers at Royal Bank Of Canada from $169.00 to $171.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 31.90% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. Citigroup upped their price objective on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Wells Fargo & Company reduced their target price on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Weiss Ratings cut Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Truist Financial cut their price objective on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Finally, KeyCorp decreased their target price on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average price target of $153.30.

Jacobs Solutions Price Performance

NYSE J traded up $0.01 on Wednesday, reaching $129.65. The company’s stock had a trading volume of 46,484 shares, compared to its average volume of 1,067,017. Jacobs Solutions has a 52 week low of $105.68 and a 52 week high of $168.44. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.24. The firm has a market cap of $15.31 billion, a PE ratio of 40.30, a price-to-earnings-growth ratio of 1.25 and a beta of 0.69. The business has a 50-day moving average price of $122.50 and a 200 day moving average price of $129.27.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business earned $1.43 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Sell-side analysts expect that Jacobs Solutions will post 7.23 EPS for the current year.

Insider Buying and Selling at Jacobs Solutions

In related news, Director Manuel J. Fernandez bought 403 shares of Jacobs Solutions stock in a transaction on Friday, May 8th. The shares were purchased at an average price of $121.93 per share, for a total transaction of $49,137.79. Following the completion of the acquisition, the director owned 12,251 shares in the company, valued at approximately $1,493,764.43. This represents a 3.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert V. Pragada bought 3,601 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were bought at an average price of $111.09 per share, with a total value of $400,035.09. Following the completion of the transaction, the chief executive officer directly owned 333,755 shares in the company, valued at approximately $37,076,842.95. This trade represents a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 4,257 shares of company stock worth $477,651 over the last 90 days. 0.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new stake in Jacobs Solutions in the third quarter worth $27,000. Princeton Global Asset Management LLC acquired a new stake in Jacobs Solutions during the 4th quarter worth $30,000. Wealth Watch Advisors INC bought a new position in Jacobs Solutions during the third quarter worth about $33,000. International Assets Investment Management LLC acquired a new position in Jacobs Solutions in the fourth quarter valued at about $38,000. Finally, Torren Management LLC bought a new stake in shares of Jacobs Solutions in the fourth quarter worth about $41,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

About Jacobs Solutions

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.