Robert W. Baird Cuts Jacobs Solutions (NYSE:J) Price Target to $148.00

Jacobs Solutions (NYSE:J) had its price target decreased by stock analysts at Robert W. Baird from $154.00 to $148.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 10.89% from the company’s current price.

Several other analysts also recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. StockNews.com initiated coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Truist Financial upped their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Finally, Citigroup reduced their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.89.

Jacobs Solutions Stock Up 0.9 %

Shares of NYSE J opened at $133.46 on Wednesday. The stock has a market cap of $16.55 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.11 and a beta of 0.72. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions has a 52-week low of $110.95 and a 52-week high of $150.54. The business has a 50-day moving average price of $136.46 and a 200 day moving average price of $141.13.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.92 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 EPS. Equities research analysts forecast that Jacobs Solutions will post 6.06 earnings per share for the current year.

Jacobs Solutions announced that its board has authorized a share repurchase program on Tuesday, February 4th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to buy up to 9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Jacobs Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. Inceptionr LLC acquired a new stake in Jacobs Solutions during the 4th quarter valued at $1,297,000. Raymond James Financial Inc. acquired a new stake in Jacobs Solutions during the 4th quarter valued at $24,069,000. Cullen Frost Bankers Inc. grew its holdings in Jacobs Solutions by 8.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 83,511 shares of the company’s stock valued at $11,159,000 after buying an additional 6,514 shares during the last quarter. Arizona State Retirement System grew its holdings in Jacobs Solutions by 0.6% during the 4th quarter. Arizona State Retirement System now owns 36,088 shares of the company’s stock valued at $4,822,000 after buying an additional 214 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its holdings in Jacobs Solutions by 19.8% during the 4th quarter. Proficio Capital Partners LLC now owns 3,359 shares of the company’s stock valued at $449,000 after buying an additional 556 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.