Royal Bank Of Canada Forecasts Strong Price Appreciation for Jacobs Solutions (NYSE:J) Stock

Jacobs Solutions (NYSE:J) had its target price raised by equities research analysts at Royal Bank Of Canada from $169.00 to $171.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 29.64% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. KeyCorp decreased their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Robert W. Baird lowered their target price on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Finally, Wells Fargo & Company dropped their target price on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $153.30.

Jacobs Solutions Price Performance

Shares of J opened at $131.90 on Wednesday. The stock has a market capitalization of $15.57 billion, a P/E ratio of 40.96, a P/E/G ratio of 1.26 and a beta of 0.69. Jacobs Solutions has a twelve month low of $105.68 and a twelve month high of $168.44. The company has a 50 day moving average of $123.36 and a 200-day moving average of $129.23. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.24.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, equities research analysts forecast that Jacobs Solutions will post 7.23 EPS for the current fiscal year.

Insider Buying and Selling at Jacobs Solutions

In other news, CEO Robert V. Pragada acquired 3,601 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $111.09 per share, with a total value of $400,035.09. Following the transaction, the chief executive officer directly owned 333,755 shares in the company, valued at approximately $37,076,842.95. The trade was a 1.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez acquired 253 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $112.56 per share, with a total value of $28,477.68. Following the transaction, the director owned 12,504 shares in the company, valued at approximately $1,407,450.24. This trade represents a 2.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 4,257 shares of company stock worth $477,651 over the last ninety days. Insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Jacobs Solutions

Several hedge funds have recently bought and sold shares of J. State Street Corp increased its position in Jacobs Solutions by 3.4% during the fourth quarter. State Street Corp now owns 7,367,828 shares of the company’s stock worth $975,942,000 after buying an additional 243,345 shares during the last quarter. Morgan Stanley lifted its position in shares of Jacobs Solutions by 19.5% in the fourth quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock valued at $447,673,000 after buying an additional 552,277 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Jacobs Solutions by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock worth $424,846,000 after acquiring an additional 28,076 shares during the period. Ninety One UK Ltd boosted its stake in shares of Jacobs Solutions by 2.8% during the 4th quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company’s stock worth $418,085,000 after acquiring an additional 86,677 shares during the period. Finally, Boston Partners increased its holdings in shares of Jacobs Solutions by 3.7% during the 3rd quarter. Boston Partners now owns 3,040,383 shares of the company’s stock worth $456,746,000 after acquiring an additional 108,134 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Company Profile

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.