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

Jacobs Solutions (NYSE:J) had its price target reduced by equities research analysts at Truist Financial from $163.00 to $152.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price target would suggest a potential upside of 17.95% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Barclays raised their price objective on Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Citigroup increased their target price on Jacobs Solutions from $169.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Finally, 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 research report on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $155.10.

Jacobs Solutions Trading Down 0.2%

J opened at $128.87 on Friday. The company has a market cap of $15.40 billion, a P/E ratio of 32.14, a PEG ratio of 1.87 and a beta of 0.83. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The company’s 50 day moving average is $152.83 and its 200-day moving average is $141.93. Jacobs Solutions has a 1-year low of $106.23 and a 1-year high of $168.44.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Thursday, November 20th. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.67 by $0.08. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. Equities research analysts predict that Jacobs Solutions will post 6.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jacobs Solutions

Several large investors have recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC raised its stake in Jacobs Solutions by 103.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock worth $25,000 after buying an additional 95 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Jacobs Solutions during the 3rd quarter worth about $27,000. Godsey & Gibb Inc. raised its position in shares of Jacobs Solutions by 121.0% in the 3rd quarter. Godsey & Gibb Inc. now owns 221 shares of the company’s stock worth $33,000 after acquiring an additional 121 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Jacobs Solutions by 65.4% in 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 in the last quarter. Finally, Wealth Watch Advisors INC acquired a new position in shares of Jacobs Solutions in the 3rd quarter valued at about $33,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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.