Jacobs Secures Two Water Contracts in Virginia to Enhance Infrastructure Capacity
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Infrastructure Upgrade: Jacobs has secured two contracts with the City of Suffolk, Virginia, aimed at expanding and modernizing water and wastewater infrastructure to meet rising demand and environmental standards, ensuring long-term regional growth.
- Sanitary Overflow Control: One contract will continue to support the city's program to reduce sanitary sewer overflows, enhancing public health and water quality, thereby improving residents' quality of life.
- Water Treatment Capacity Expansion: The second contract involves planning, design, and construction management for expanding surface water treatment capacity, which is expected to improve water distribution systems and pump station evaluations in response to tightening groundwater withdrawal limits.
- Long-term Partnership: Jacobs has been serving Suffolk's water systems for over 20 years, and its expertise and responsiveness have been crucial in achieving full regulatory compliance, enhancing the reliability and efficiency of the city's infrastructure.
Analyst Views on J
Wall Street analysts forecast J stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for J is 164.50 USD with a low forecast of 157.00 USD and a high forecast of 182.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 139.510
Low
157.00
Averages
164.50
High
182.00
Current: 139.510
Low
157.00
Averages
164.50
High
182.00
About J
Jacobs Solutions Inc. provides end-to-end services in advanced manufacturing, cities and places, energy, environmental, life sciences, transportation and water. The Company’s segments include Infrastructure and Advanced Facilities (I&AF) and PA Consulting. The I&AF segment provides end-to-end solutions for its client’s complex challenges related to climate change, energy transition, connected mobility, buildings and infrastructure, integrated water management and biopharmaceutical manufacturing. It uses data science and technology-enabled expertise to deliver outcomes for its clients and communities. Its clients include national, state and local governments in Europe, the Middle East, and others. The PA Consulting segment has a diverse mix of private and public sector clients. Private sector clients include global household names like Unilever, Microsoft, and Pret A Manger, and start-ups like PulPac, which converts plant fibers into sustainable packaging to reduce single-use plastic.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
