Goldman Sachs Keeps Their Buy Rating on Jacobs Solutions (J)

In a report released today, Adam Bubes from Goldman Sachs maintained a Buy rating on Jacobs Solutions, with a price target of $155.00.

Claim 30% Off TipRanks

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

Bubes covers the Industrials sector, focusing on stocks such as Aecom Technology, Clean Harbors, and Legence Corp. Class A. According to TipRanks, Bubes has an average return of 11.0% and a 42.42% success rate on recommended stocks.

Currently, the analyst consensus on Jacobs Solutions is a Moderate Buy with an average price target of $154.90.

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.