Barclays Sticks to Their Buy Rating for Jacobs Solutions (J)
In a report released today, Adam Seiden from Barclays maintained a Buy rating on Jacobs Solutions, with a price target of $160.00.
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Seiden covers the Industrials sector, focusing on stocks such as Caterpillar, Cummins, and Agco. According to TipRanks, Seiden has an average return of 11.9% and a 60.26% success rate on recommended stocks.
In addition to Barclays, Jacobs Solutions also received a Buy from TipRanks – PerPlexity’s PerPlexity Software – Services in a report issued on March 4. However, on the same day, TipRanks – xAI reiterated a Hold rating on Jacobs Solutions (NYSE: J).
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. Earlier this month, Shannon Miller, the President of J sold 1,440.00 shares for a total of $193,147.20.
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