Fintel reports that on October 24, 2023, Stifel maintained coverage of Jacobs Solutions (NYSE:J) with a Buy recommendation.
Analyst Price Forecast Suggests 21.19% Upside
As of October 5, 2023, the average one-year price target for Jacobs Solutions is 160.48. The forecasts range from a low of 138.37 to a high of $215.25. The average price target represents an increase of 21.19% from its latest reported closing price of 132.42.
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The projected annual revenue for Jacobs Solutions is 16,114MM, an increase of 1.06%. The projected annual non-GAAP EPS is 8.54.
What is the Fund Sentiment?
There are 1213 funds or institutions reporting positions in Jacobs Solutions. This is an increase of 25 owner(s) or 2.10% in the last quarter. Average portfolio weight of all funds dedicated to J is 0.25%, a decrease of 11.94%. Total shares owned by institutions decreased in the last three months by 4.19% to 121,860K shares. 
The put/call ratio of J is 0.47, indicating a bullish outlook.
What are Other Shareholders Doing?
Primecap Management holds 6,354K shares representing 5.05% ownership of the company. In it's prior filing, the firm reported owning 6,358K shares, representing a decrease of 0.07%. The firm decreased its portfolio allocation in J by 3.12% over the last quarter.
Capital World Investors holds 6,322K shares representing 5.02% ownership of the company. In it's prior filing, the firm reported owning 6,292K shares, representing an increase of 0.48%. The firm decreased its portfolio allocation in J by 5.40% over the last quarter.
Select Equity Group holds 4,394K shares representing 3.49% ownership of the company. In it's prior filing, the firm reported owning 4,717K shares, representing a decrease of 7.37%. The firm decreased its portfolio allocation in J by 1.44% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,953K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 3,926K shares, representing an increase of 0.69%. The firm decreased its portfolio allocation in J by 6.01% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 3,696K shares representing 2.93% ownership of the company. No change in the last quarter.
Jacobs Solutions Background Information
(This description is provided by the company.)
Jacobs Engineering Group Inc. is challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $14 billion in revenue and a talent force of approximately 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector.
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This story originally appeared on Fintel.
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