Jacobs Solutions (NYSE:J) Now Covered by Wells Fargo & Company

Research analysts at Wells Fargo & Company began coverage on shares of Jacobs Solutions (NYSE:J) in a research note issued to investors on Friday,Benzinga reports. The firm set an “equal weight” rating and a $160.00 price target on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 6.36% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. KeyCorp raised their target price on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Citigroup raised their price objective on Jacobs Solutions from $169.00 to $185.00 and gave the company a “buy” rating in a report on Monday, October 20th. Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Truist Financial increased their price target on Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Finally, UBS Group boosted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.78.

Jacobs Solutions Stock Down 1.8%

NYSE J traded down $2.76 during trading on Friday, hitting $150.44. The stock had a trading volume of 41,661 shares, compared to its average volume of 834,173. Jacobs Solutions has a 12 month low of $106.23 and a 12 month high of $168.44. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The company’s 50-day moving average price is $153.12 and its two-hundred day moving average price is $141.00. The company has a market capitalization of $17.98 billion, a PE ratio of 37.51, a P/E/G ratio of 1.87 and a beta of 0.83.

Institutional Investors Weigh In On Jacobs Solutions

A number of large investors have recently added to or reduced their stakes in the business. Ingalls & Snyder LLC bought a new position in Jacobs Solutions during the second quarter worth about $558,000. FORA Capital LLC bought a new position in shares of Jacobs Solutions during the first quarter worth approximately $1,986,000. Atlantic Union Bankshares Corp boosted its stake in shares of Jacobs Solutions by 409.3% in the second quarter. Atlantic Union Bankshares Corp now owns 12,514 shares of the company’s stock valued at $1,645,000 after buying an additional 10,057 shares during the period. Focus Partners Advisor Solutions LLC grew its position in Jacobs Solutions by 90.1% during the second quarter. Focus Partners Advisor Solutions LLC now owns 5,375 shares of the company’s stock worth $706,000 after buying an additional 2,548 shares in the last quarter. Finally, Bank of Nova Scotia increased its stake in Jacobs Solutions by 15.2% during the 1st quarter. Bank of Nova Scotia now owns 129,887 shares of the company’s stock worth $15,702,000 after acquiring an additional 17,120 shares during the period. Institutional investors own 85.65% of the company’s stock.

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.