Royal Bank Of Canada Lowers Jacobs Solutions (NYSE:J) Price Target to $156.00

Jacobs Solutions (NYSE:J) had its price objective dropped by stock analysts at Royal Bank Of Canada from $157.00 to $156.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 21.05% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. UBS Group lifted their target price on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. KeyCorp increased their price target on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Barclays boosted their price objective on shares of Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Citigroup upped their price objective on Jacobs Solutions from $169.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Finally, Truist Financial increased their target price on Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $155.10.

Jacobs Solutions Trading Down 0.2%

NYSE J 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 stock has a market cap of $15.40 billion, a P/E ratio of 32.14, a P/E/G ratio of 1.87 and a beta of 0.83. The stock’s fifty day moving average price is $152.83 and its 200-day moving average price is $141.93. 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 (NYSE:J) last posted its quarterly earnings results on Thursday, November 20th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.08. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.14 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.Jacobs Solutions’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 EPS. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. As a group, equities analysts forecast that Jacobs Solutions will post 6.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Jacobs Solutions

Several institutional investors have recently made changes to their positions in the business. Measured Wealth Private Client Group LLC purchased a new position in shares of Jacobs Solutions in the third quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC raised its position in Jacobs Solutions by 103.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock worth $25,000 after acquiring an additional 95 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Jacobs Solutions by 65.4% during the 3rd quarter. Geneos Wealth Management Inc. now owns 220 shares of the company’s stock worth $33,000 after acquiring an additional 87 shares during the last quarter. Wealth Watch Advisors INC purchased a new position in shares of Jacobs Solutions during the 3rd quarter worth $33,000. Finally, Godsey & Gibb Inc. grew its position in shares of Jacobs Solutions by 121.0% during 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. Institutional investors 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.