Jacobs (J, Financial) has been awarded a significant contract worth $137 million by the Virgin Islands Public Finance Authority. The agreement appoints Jacobs to provide essential program management services as part of the āRebuild USVIā initiative, a strategic effort aimed at aiding the recovery and rebuilding of the U.S. Virgin Islands following the devastation caused by hurricanes Irma and Maria.
Under this contract, Jacobs will collaborate with the Super Project Management Office of the U.S. Virgin Islands to oversee and manage multiple critical infrastructure projects. These projects are vital to the region's recovery and include the rebuilding of hospitals, schools, and transit corridors. Additionally, Jacobs will play a crucial role in the reconstruction of essential utilities, such as power, water, and wastewater systems, ensuring the resilience and sustainability of the islands' infrastructure.
This partnership underscores Jacobs' extensive expertise in managing large-scale infrastructure projects and highlights its commitment to supporting community recovery and development efforts in regions impacted by natural disasters.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Jacobs Solutions Inc (J, Financial) is $149.69 with a high estimate of $176.00 and a low estimate of $128.00. The average target implies an upside of 26.98% from the current price of $117.88. More detailed estimate data can be found on the Jacobs Solutions Inc (J) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, Jacobs Solutions Inc's (J, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Jacobs Solutions Inc (J, Financial) in one year is $99.59, suggesting a downside of 15.52% from the current price of $117.88. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Jacobs Solutions Inc (J) Summary page.
