Jacobs Solutions (NYSE:J) PT Raised to $166.00 at Citigroup

Jacobs Solutions (NYSE:J) had its price target boosted by research analysts at Citigroup from $138.60 to $166.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 17.41% from the stock’s current price.

J has been the subject of a number of other research reports. StockNews.com started coverage on Jacobs Solutions in a report on Wednesday, October 2nd. They set a “buy” rating for the company. UBS Group raised their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research note on Friday, October 4th. Robert W. Baird lowered their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, Royal Bank of Canada lifted their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $159.30.

Jacobs Solutions Price Performance

J stock opened at $141.38 on Tuesday. The stock has a market capitalization of $17.70 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 1.39 and a beta of 0.72. The firm’s 50-day moving average price is $144.52 and its two-hundred day moving average price is $142.80. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions has a 12-month low of $100.59 and a 12-month high of $144.56.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.96. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. Jacobs Solutions’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.82 EPS. As a group, equities analysts predict that Jacobs Solutions will post 7.95 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the sale, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the transaction, the executive vice president now directly owns 24,564 shares in the company, valued at $3,688,038.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the transaction, the senior vice president now directly owns 26,699 shares in the company, valued at $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,516 shares of company stock valued at $2,152,693. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jacobs Solutions

Large investors have recently bought and sold shares of the business. EdgeRock Capital LLC purchased a new stake in Jacobs Solutions in the second quarter worth approximately $26,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after buying an additional 171 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Jacobs Solutions in the 1st quarter worth $48,000. LRI Investments LLC bought a new stake in shares of Jacobs Solutions in the first quarter worth $48,000. Finally, GAMMA Investing LLC increased its position in Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after acquiring an additional 145 shares during the last quarter. 85.65% of the stock is currently 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.