Jacobs Solutions (NYSE:J) Now Covered by Analysts at Wells Fargo & Company

Investment analysts at Wells Fargo & Company began coverage on shares of Jacobs Solutions (NYSE:J) in a research report issued to clients and investors on Friday,Benzinga reports. The firm set an “equal weight” rating and a $160.00 price target on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 6.36% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Truist Financial lifted their target price on Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Citigroup increased their price target on Jacobs Solutions from $169.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Finally, UBS Group boosted 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. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average price target of $161.78.

Jacobs Solutions Price Performance

Shares of J stock traded down $2.76 during trading hours on Friday, reaching $150.44. The company’s stock had a trading volume of 41,661 shares, compared to its average volume of 834,173. Jacobs Solutions has a fifty-two week low of $106.23 and a fifty-two week high of $168.44. The firm’s 50 day simple moving average is $153.12 and its 200-day simple moving average is $141.00. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $17.98 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 1.87 and a beta of 0.83.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of J. Cary Street Partners Investment Advisory LLC grew its position in shares of Jacobs Solutions by 103.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock valued at $25,000 after buying an additional 95 shares during the last quarter. Godsey & Gibb Inc. lifted its stake in shares of Jacobs Solutions by 121.0% in the third quarter. Godsey & Gibb Inc. now owns 221 shares of the company’s stock worth $33,000 after acquiring an additional 121 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Jacobs Solutions by 65.4% in the third 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 period. Wealth Watch Advisors INC bought a new stake in Jacobs Solutions in the third quarter valued at approximately $33,000. Finally, First Horizon Corp bought a new stake in Jacobs Solutions in the third quarter valued at approximately $34,000. 85.65% of the stock is owned by institutional investors.

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.