Citigroup Has Lowered Expectations for Jacobs Solutions (NYSE:J) Stock Price

Jacobs Solutions (NYSE:J) had its target price lowered by Citigroup from $182.00 to $180.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 39.68% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Bank of America cut their target price on shares of Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Friday. Robert W. Baird reissued a “neutral” rating and set a $146.00 price objective (down previously from $161.00) on shares of Jacobs Solutions in a report on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Barclays increased their price objective on Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, UBS Group lifted their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $155.10.

Jacobs Solutions Stock Performance

NYSE:J opened at $128.87 on Friday. The company has a fifty day simple moving average of $152.83 and a two-hundred day simple moving average of $141.93. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions has a 52 week low of $106.23 and a 52 week high of $168.44. The company has a market cap 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.

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. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.14 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.Jacobs Solutions’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 EPS. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. As a group, equities analysts anticipate that Jacobs Solutions will post 6.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jacobs Solutions

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