Jacobs Solutions (NYSE:J) Stock Price Target Cut by KeyCorp

Jacobs Solutions (NYSE:J – Get Free Report) had its price target lowered by investment analysts at KeyCorp from $168.00 to $166.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price objective would indicate a potential upside of 17.03% from the company’s current price.

A number of other analysts have also recently commented on the company. UBS Group lifted their price target on Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Royal Bank Of Canada raised their price objective on Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Truist Financial cut their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “hold” rating for the company in a research report on Monday, October 5th. Weiss Ratings upgraded Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Finally, Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.40.

Check Out Our Latest Analysis on Jacobs Solutions

Jacobs Solutions Trading Down 0.3%

NYSE:J opened at $141.84 on Thursday. The company has a market capitalization of $16.75 billion, a P/E ratio of 50.30, a PEG ratio of 1.78 and a beta of 0.72. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. Jacobs Solutions has a 12 month low of $105.68 and a 12 month high of $168.44. The firm has a fifty day simple moving average of $143.64 and a 200-day simple moving average of $131.86.

Jacobs Solutions (NYSE:J – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the firm earned $1.62 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, equities research analysts anticipate that Jacobs Solutions will post 7.25 earnings per share for the current year.

Insider Activity

In other news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $144.10, for a total value of $2,478,664.10. Following the sale, the president owned 67,356 shares in the company, valued at $9,705,999.60. This trade represents a 20.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of J. Fort Washington Investment Advisors Inc. OH acquired a new stake in Jacobs Solutions in the 3rd quarter worth about $224,000. ZWJ Investment Counsel Inc. raised its holdings in shares of Jacobs Solutions by 6.4% during the third quarter. ZWJ Investment Counsel Inc. now owns 248,430 shares of the company’s stock valued at $33,605,000 after acquiring an additional 14,941 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Jacobs Solutions by 79.7% during the third quarter. Mather Group LLC. now owns 345 shares of the company’s stock valued at $47,000 after acquiring an additional 153 shares during the last quarter. Krilogy Financial LLC acquired a new position in shares of Jacobs Solutions during the third quarter valued at approximately $261,000. Finally, Dorato Capital Management lifted its position in shares of Jacobs Solutions by 68.2% in the third quarter. Dorato Capital Management now owns 2,770 shares of the company’s stock valued at $378,000 after acquiring an additional 1,123 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

About Jacobs Solutions

(Get Free Report)

Jacobs Solutions Inc (NYSE:J), formerly known as Jacobs Engineering Group, is a global professional services and technology company that provides consulting, design, engineering, project management, and technical services. The company supports public- and private-sector clients with complex projects involving infrastructure, transportation, water, environmental remediation, advanced manufacturing, life sciences, energy, and other critical facilities.

Jacobs helps clients plan, design, build, operate, and maintain assets and systems.

Further Reading

Analyst Recommendations for Jacobs Solutions (NYSE:J)

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