Bank of America Lowers Jacobs Solutions (NYSE:J) Price Target to $141.00

Jacobs Solutions (NYSE:J) had its price objective lowered by stock analysts at Bank of America from $147.00 to $141.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s price target would indicate a potential upside of 9.41% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company assumed coverage on shares of Jacobs Solutions in a research report on Friday, November 14th. They issued an “equal weight” rating and a $160.00 price target on the stock. Truist Financial boosted 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. KeyCorp increased their target price on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Citigroup lifted their price target on shares of Jacobs Solutions from $169.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Finally, Barclays upped their price target on Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $155.10.

Jacobs Solutions Stock Performance

Shares of J stock opened at $128.87 on Friday. Jacobs Solutions has a 12-month low of $106.23 and a 12-month high of $168.44. The firm has a market capitalization of $15.40 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. The business has a 50 day simple moving average of $152.83 and a 200 day simple moving average of $141.93. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Thursday, November 20th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.08. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. On average, equities research analysts anticipate that Jacobs Solutions will post 6.05 EPS for the current year.

Hedge Funds Weigh In On Jacobs Solutions

A number of large investors have recently made changes to their positions in J. Kestra Private Wealth Services LLC grew its position in Jacobs Solutions by 2.6% during the first quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company’s stock valued at $510,000 after purchasing an additional 108 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Jacobs Solutions by 104.1% during the 1st quarter. HB Wealth Management LLC now owns 5,638 shares of the company’s stock valued at $682,000 after buying an additional 2,875 shares during the period. Empirical Finance LLC boosted its stake in shares of Jacobs Solutions by 4.1% during the 1st quarter. Empirical Finance LLC now owns 4,491 shares of the company’s stock valued at $543,000 after buying an additional 175 shares during the period. LPL Financial LLC grew its holdings in shares of Jacobs Solutions by 4.4% during the 1st quarter. LPL Financial LLC now owns 110,538 shares of the company’s stock valued at $13,363,000 after acquiring an additional 4,612 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Jacobs Solutions by 14.8% in the first quarter. Mackenzie Financial Corp now owns 173,068 shares of the company’s stock worth $20,922,000 after acquiring an additional 22,344 shares during the last quarter. 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.