Jacobs Solutions (J) Gets a Hold from Wells Fargo

In a report released yesterday, Jerry Revich from Wells Fargo maintained a Hold rating on Jacobs Solutions, with a price target of $137.00.

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According to TipRanks, Revich is a 5-star analyst with an average return of 8.7% and a 56.73% success rate. Revich covers the Industrials sector, focusing on stocks such as Caterpillar, Cummins, and Herc Holdings.

Currently, the analyst consensus on Jacobs Solutions is a Moderate Buy with an average price target of $155.70.

Based on Jacobs Solutions’ latest earnings release for the quarter ending December 26, the company reported a quarterly revenue of $3.29 billion and a net profit of $133.2 million. In comparison, last year the company earned a revenue of $2.93 billion and had a GAAP net loss of $18.13 million

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of J in relation to earlier this year. Last month, Shannon Miller, the President of J sold 1,440.00 shares for a total of $193,147.20.