Monthly Stock Report: Jacobs Solutions Inc.
Publication Date: September 22, 2024
Company Overview
Jacobs Solutions Inc. (J), headquartered in Dallas, Texas, is a major player in the engineering and construction sector, offering a wide range of consulting, technical, and project delivery services to government and private entities across North America, Europe, Asia, and Australia. Established in 1947, Jacobs operates through key segments such as Critical Mission Solutions and People & Places Solutions. Their service portfolio includes cyber and data analytics, software development, and environmental remediation, positioning them as a notable investment opportunity within the industrials sector.
Financial Performance and Stock Outlook
Jacobs Solutions Inc. reported total revenue of approximately $16.95 billion, showcasing substantial financial health and capacity to capitalize on emerging market opportunities. With 124,248,000 shares outstanding and a current stock price of $148.64, the company is viewed positively by analysts. Predictions suggest a target high price of $176.00 and a mean target price of $161.01, indicating significant appreciation potential for investors. The recommendation key reflects a “buy,” with an analyst mean score of 2.1, further reinforcing the optimistic outlook.
Market Position and Investor Sentiment
The stock exhibits a relatively low short interest, with only 1,131,639 shares sold short, accounting for approximately 0.0104% of the float shares (122,731,255 total). This low short interest signals limited bearish sentiment among investors regarding Jacobs’ stock performance. Currently trading between a 52-week high of $154.50 and a low of $120.71, the stock appears stable and is currently above its fifty-day moving average of $145.99. This positioning suggests a bullish trend, making it an attractive opportunity for investors seeking growth in the industrials sector.
| Metric | Value |
|---|---|
| Market Cap | $18.5b |
| Total Debt | $3.5b |
| Total Cash | $1.2b |
| Shares Outstanding | 124.2m |
| Float Shares | 122.7m |
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