Truist Financial Lowers Jacobs Solutions (NYSE:J) Price Target to $152.00

Jacobs Solutions (NYSE:J) had its price target decreased by investment analysts at Truist Financial from $163.00 to $152.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target points to a potential upside of 16.84% from the company’s previous close.

A number of other research analysts have also recently weighed in on the company. Wells Fargo & Company reduced their target price on Jacobs Solutions from $160.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday. KeyCorp lifted their price target on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Royal Bank Of Canada decreased their price objective on shares of Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating for the company in a report on Friday. Barclays upped their price target on shares of Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $155.60.

Jacobs Solutions Price Performance

NYSE J traded up $0.92 during mid-day trading on Friday, hitting $130.09. The stock had a trading volume of 1,319,818 shares, compared to its average volume of 859,723. 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 50 day simple moving average of $153.19 and a 200 day simple moving average of $141.76. 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 $15.55 billion, a price-to-earnings ratio of 32.43, a P/E/G ratio of 1.87 and a beta of 0.83.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Thursday, November 20th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.08. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the company earned $1.37 earnings per share. The business’s revenue for the quarter 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 analysts forecast that Jacobs Solutions will post 6.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Jacobs Solutions

Several large investors have recently bought and sold shares of J. Primecap Management Co. CA grew its position in Jacobs Solutions by 2.1% during the second quarter. Primecap Management Co. CA now owns 4,749,829 shares of the company’s stock worth $624,365,000 after buying an additional 96,387 shares in the last quarter. Ninety One UK Ltd raised its stake in shares of Jacobs Solutions by 20.4% in the third quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock valued at $460,016,000 after acquiring an additional 520,417 shares during the last quarter. Boston Partners increased its stake in shares of Jacobs Solutions by 3.7% in the third quarter. Boston Partners now owns 3,040,383 shares of the company’s stock valued at $456,746,000 after buying an additional 108,134 shares in the last quarter. Invesco Ltd. grew its stake in shares of Jacobs Solutions by 21.4% during the second quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock valued at $342,738,000 after purchasing an additional 460,283 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Jacobs Solutions by 1.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,503,028 shares of the company’s stock valued at $381,687,000 after acquiring an additional 44,070 shares during the last quarter. 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.