Jacobs Solutions Inc. (NYSE:J) Given Average Rating of “Moderate Buy” by Analysts

Shares of Jacobs Solutions Inc. (NYSE:J) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $162.00.

J has been the topic of several research analyst reports. Citigroup boosted their price objective on Jacobs Solutions from $169.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. UBS Group increased their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. Finally, Truist Financial boosted their target price on shares of Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th.

Jacobs Solutions Trading Up 0.2%

Shares of J stock opened at $154.52 on Wednesday. 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 company has a market capitalization of $18.47 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 1.87 and a beta of 0.83. Jacobs Solutions has a 52-week low of $106.23 and a 52-week high of $168.44. The company has a 50-day simple moving average of $152.71 and a two-hundred day simple moving average of $140.82.

Institutional Trading of Jacobs Solutions

Large investors have recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC lifted its position in shares of Jacobs Solutions by 103.3% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock valued at $25,000 after buying an additional 95 shares during the last quarter. Godsey & Gibb Inc. raised its stake in Jacobs Solutions by 121.0% in the 3rd quarter. Godsey & Gibb Inc. now owns 221 shares of the company’s stock valued at $33,000 after acquiring an additional 121 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Jacobs Solutions by 65.4% during the third quarter. Geneos Wealth Management Inc. now owns 220 shares of the company’s stock valued at $33,000 after purchasing an additional 87 shares during the last quarter. First Horizon Corp purchased a new stake in Jacobs Solutions during the third quarter valued at about $34,000. Finally, Golden State Wealth Management LLC boosted its position in Jacobs Solutions by 63.3% during the third quarter. Golden State Wealth Management LLC now owns 258 shares of the company’s stock worth $39,000 after purchasing an additional 100 shares during the period. 85.65% of the stock is owned by hedge funds and other 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.