Jabil (NYSE:JBL) PT Raised to $157.00

Jabil (NYSE:JBL) had its price objective increased by stock analysts at Barclays from $135.00 to $157.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Barclays‘s price target would indicate a potential upside of 28.33% from the company’s current price.

JBL has been the topic of several other research reports. Bank of America boosted their price objective on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group decreased their price target on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. Stifel Nicolaus lifted their price objective on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.75.

Jabil Trading Down 3.4 %

Shares of Jabil stock opened at $122.34 on Friday. The firm has a market capitalization of $13.88 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26. The firm’s 50 day moving average is $107.42 and its 200 day moving average is $116.49. Jabil has a 1 year low of $95.85 and a 1 year high of $156.94.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same period last year, the firm posted $2.34 earnings per share. The business’s revenue for the quarter was down 17.7% on a year-over-year basis. Equities research analysts forecast that Jabil will post 7.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Jabil

In other news, EVP Frederic E. Mccoy sold 1,250 shares of Jabil stock in a transaction on Monday, July 15th. The shares were sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the sale, the executive vice president now owns 112,753 shares in the company, valued at approximately $13,126,704.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Frederic E. Mccoy sold 1,250 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $116.42, for a total transaction of $145,525.00. Following the transaction, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP May Yee Yap sold 4,274 shares of Jabil stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total transaction of $500,228.96. Following the completion of the sale, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at $2,905,986.16. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Benjamin Edwards Inc. acquired a new position in shares of Jabil during the first quarter worth approximately $25,000. ORG Partners LLC bought a new stake in Jabil during the 1st quarter valued at $29,000. Riverview Trust Co acquired a new position in Jabil during the first quarter worth $33,000. HHM Wealth Advisors LLC bought a new position in shares of Jabil in the second quarter valued at $28,000. Finally, Innealta Capital LLC acquired a new position in shares of Jabil during the second quarter valued at about $31,000. Institutional investors own 93.39% of the company’s stock.

Jabil Company Profile

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).