Jacobs Solutions (NYSE:J) Price Target Lowered to $130.00 at Wells Fargo & Company

Jacobs Solutions (NYSE:J) had its price objective decreased by Wells Fargo & Company from $160.00 to $130.00 in a report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 1.75% from the company’s current price.

A number of other brokerages also recently issued reports on J. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jacobs Solutions in a research note on Wednesday, October 8th. KeyCorp increased their price target on Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Bank of America dropped their price objective on Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday. Citigroup increased their price objective on shares of Jacobs Solutions from $169.00 to $185.00 and gave the company a “buy” rating in a report on Monday, October 20th. Finally, Barclays lifted their price target on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $156.70.

Jacobs Solutions Stock Performance

NYSE:J traded down $1.41 during trading hours on Friday, reaching $127.76. The company had a trading volume of 629,294 shares, compared to its average volume of 856,227. The firm has a market cap of $15.27 billion, a price-to-earnings ratio of 31.89, 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. The firm’s 50 day moving average price is $153.19 and its 200-day moving average price is $141.76. Jacobs Solutions has a 52 week low of $106.23 and a 52 week high of $168.44.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Thursday, November 20th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.67 by $0.08. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $1.37 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. On average, analysts forecast that Jacobs Solutions will post 6.05 EPS for the current year.

Hedge Funds Weigh In On Jacobs Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its holdings in shares of Jacobs Solutions by 828.5% during the second quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock valued at $174,434,000 after buying an additional 1,184,068 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Jacobs Solutions by 68.8% in the second quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company’s stock worth $168,194,000 after buying an additional 525,291 shares during the last quarter. Ninety One UK Ltd boosted its position in Jacobs Solutions by 20.4% in the 3rd quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock worth $460,016,000 after purchasing an additional 520,417 shares in the last quarter. Invesco Ltd. grew its position in shares of Jacobs Solutions by 21.4% during the 2nd quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock valued at $342,738,000 after acquiring an additional 460,283 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Jacobs Solutions by 350.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 552,594 shares of the company’s stock valued at $72,638,000 after buying an additional 429,880 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

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.