Bernstein Keeps Their Buy Rating on Jacobs Solutions (J)

In a report released yesterday, from Bernstein maintained a Buy rating on Jacobs Solutions, with a price target of $163.00. The company’s shares closed yesterday at $130.38.

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Currently, the analyst consensus on Jacobs Solutions is a Moderate Buy with an average price target of $157.40, implying a 20.72% upside from current levels. In a report released on March 11, Barclays also maintained a Buy rating on the stock with a $160.00 price target.

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.