Jacobs Solutions (NYSE:J) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Jacobs Solutions (NYSE:JFree Report) from a buy rating to a hold rating in a research report released on Saturday.

Several other research firms have also weighed in on J. Citigroup boosted their target price on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a report on Monday, July 28th. KeyCorp boosted their target price on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Truist Financial boosted their target price on shares of Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Finally, UBS Group boosted their target price on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $157.71.

View Our Latest Stock Analysis on Jacobs Solutions

Jacobs Solutions Stock Down 0.4%

Shares of NYSE J opened at $155.37 on Friday. Jacobs Solutions has a 12-month low of $106.23 and a 12-month high of $161.99. The stock has a market cap of $18.57 billion, a PE ratio of 38.75, a P/E/G ratio of 1.83 and a beta of 0.81. 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 company has a 50-day moving average of $149.42 and a 200 day moving average of $135.65.

Jacobs Solutions (NYSE:JGet Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the prior year, the company earned $1.96 EPS. Jacobs Solutions’s revenue was down 28.4% compared to the same quarter last year. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, sell-side analysts predict that Jacobs Solutions will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 31.92%.

Institutional Investors Weigh In On Jacobs Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Jacobs Solutions by 103.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock valued at $25,000 after purchasing an additional 95 shares in the last quarter. Rossby Financial LCC acquired a new stake in shares of Jacobs Solutions in the 1st quarter valued at $33,000. Costello Asset Management INC acquired a new stake in shares of Jacobs Solutions in the 2nd quarter valued at $43,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Jacobs Solutions in the 2nd quarter valued at $44,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Jacobs Solutions in the 2nd quarter valued at $44,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

About Jacobs Solutions

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Jacobs Solutions (NYSE:J)

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