Wells Fargo & Company Forecasts Strong Price Appreciation for Jacobs Solutions (NYSE:J) Stock

Jacobs Solutions (NYSE:J) had its price objective raised by Wells Fargo & Company from $130.00 to $137.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential downside of 1.09% from the stock’s current price.

J has been the topic of several other reports. Weiss Ratings restated a “hold (c)” rating on shares of Jacobs Solutions in a report on Monday, December 29th. Barclays increased their price target on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Citigroup decreased their price objective on Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Bank of America reduced their target price on Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Finally, KeyCorp raised their price objective on Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $156.60.

Jacobs Solutions Stock Performance

Shares of J traded down $1.59 during mid-day trading on Friday, reaching $138.51. The company had a trading volume of 27,683 shares, compared to its average volume of 653,567. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.61. Jacobs Solutions has a 52-week low of $106.23 and a 52-week high of $168.44. The stock has a 50 day moving average of $137.33 and a two-hundred day moving average of $144.58. The stock has a market capitalization of $16.36 billion, a P/E ratio of 57.23, a PEG ratio of 1.51 and a beta of 0.81.

Jacobs Solutions (NYSE:J) last posted its earnings results on Thursday, November 20th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.08. Jacobs Solutions had a net margin of 2.41% and a return on equity of 19.14%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the previous year, the business posted $1.37 EPS. The business’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. On average, analysts expect that Jacobs Solutions will post 6.05 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Peter J. Robertson acquired 1,000 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were bought at an average cost of $134.76 per share, with a total value of $134,760.00. Following the completion of the acquisition, the director owned 1,000 shares of the company’s stock, valued at $134,760. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Manuel J. Fernandez purchased 763 shares of the stock in a transaction on Monday, November 24th. The stock was bought at an average price of $130.78 per share, for a total transaction of $99,785.14. Following the completion of the transaction, the director directly owned 10,380 shares of the company’s stock, valued at approximately $1,357,496.40. This trade represents a 7.93% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 2,513 shares of company stock valued at $335,878 over the last quarter. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Jacobs Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC lifted its holdings 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 acquiring an additional 95 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Jacobs Solutions during the third quarter worth about $27,000. Princeton Global Asset Management LLC acquired a new position in shares of Jacobs Solutions in the 4th quarter valued at approximately $30,000. Central Pacific Bank Trust Division bought a new stake in Jacobs Solutions during the 4th quarter worth approximately $31,000. Finally, Godsey & Gibb Inc. raised its holdings in Jacobs Solutions by 121.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 221 shares of the company’s stock worth $33,000 after buying an additional 121 shares during the period. 85.65% of the stock is owned by institutional investors.

About Jacobs Solutions

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.