Wells Fargo & Company Has Lowered Expectations for Jacobs Solutions (NYSE:J) Stock Price

Jacobs Solutions (NYSE:J) had its target price reduced by equities researchers at Wells Fargo & Company from $160.00 to $130.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 0.88% from the stock’s previous close.

J has been the topic of a number of other reports. Truist Financial increased 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. Bank of America cut their price objective on Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Friday. Barclays lifted their target price on Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Royal Bank Of Canada lowered their target price on Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $155.10.

Jacobs Solutions Price Performance

J opened at $128.87 on Friday. The stock’s 50-day moving average price is $152.83 and its 200 day moving average price is $141.93. Jacobs Solutions has a 12-month low of $106.23 and a 12-month high of $168.44. The firm has a market cap of $15.40 billion, a price-to-earnings 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.

Jacobs Solutions (NYSE:J) last released its earnings results on Thursday, November 20th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate 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 was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 EPS. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. As a group, sell-side analysts expect that Jacobs Solutions will post 6.05 earnings per share for the current year.

Institutional Investors Weigh In On Jacobs Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ingalls & Snyder LLC acquired a new position in Jacobs Solutions in the second quarter valued at $558,000. FORA Capital LLC purchased a new stake in shares of Jacobs Solutions in the 1st quarter valued at about $1,986,000. Atlantic Union Bankshares Corp lifted its holdings in shares of Jacobs Solutions by 409.3% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 12,514 shares of the company’s stock valued at $1,645,000 after purchasing an additional 10,057 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its position in shares of Jacobs Solutions by 90.1% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 5,375 shares of the company’s stock valued at $706,000 after purchasing an additional 2,548 shares during the period. Finally, Citigroup Inc. grew its stake in Jacobs Solutions by 66.2% during the 1st quarter. Citigroup Inc. now owns 122,363 shares of the company’s stock worth $14,792,000 after buying an additional 48,755 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.