Jacobs Solutions (NYSE:J) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Jacobs Solutions (NYSE:J) in a report released on Friday morning, Marketbeat reports. The brokerage issued an equal weight rating and a $160.00 price target on the stock.

A number of other equities analysts have also recently commented on J. Barclays lifted their price objective on shares of Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Citigroup lifted their target price on shares of Jacobs Solutions from $169.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Truist Financial raised their price objective on shares of Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Finally, UBS Group upped their target price on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and an average target price of $161.78.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $154.56 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions has a 12 month low of $106.23 and a 12 month high of $168.44. The stock has a 50 day moving average of $153.31 and a 200-day moving average of $141.47. The company has a market capitalization of $18.48 billion, a P/E ratio of 38.54, a P/E/G ratio of 1.87 and a beta of 0.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in J. Forum Financial Management LP raised its position in shares of Jacobs Solutions by 2.0% in the third quarter. Forum Financial Management LP now owns 3,186 shares of the company’s stock valued at $477,000 after buying an additional 63 shares in the last quarter. Harfst & Associates Inc. increased its stake in Jacobs Solutions by 0.5% during the 3rd quarter. Harfst & Associates Inc. now owns 12,616 shares of the company’s stock worth $1,891,000 after acquiring an additional 64 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in Jacobs Solutions by 3.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,247 shares of the company’s stock valued at $337,000 after acquiring an additional 66 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Jacobs Solutions by 11.2% during the 3rd quarter. Blue Trust Inc. now owns 695 shares of the company’s stock valued at $104,000 after acquiring an additional 70 shares during the period. Finally, D.A. Davidson & CO. lifted its position in shares of Jacobs Solutions by 1.6% during the 2nd quarter. D.A. Davidson & CO. now owns 4,439 shares of the company’s stock valued at $584,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

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.