Jacobs Solutions Inc
J: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$697.00 | Xmmyx | Wlbtdrfl |
Jacobs: Spinoff of Critical Mission Solutions Business Complete; Maintaining No-Moat Rating
We are adjusting our fair value estimate for Jacobs Solutions to $121 from $159, which reflects the spinoff of the firm's Critical Mission Solutions and cyber and intelligence businesses. On Sept. 27, these businesses were spun off and merged with Amentum to form a new publicly traded company. Jacobs shareholders received one share of Amentum Holdings (trading on the NYSE under the ticker AMTM) for each share of Jacobs held on Sept. 23.