Jabil (NYSE:JBL) Price Target Lowered to $120.00 at UBS Group

Jabil (NYSE:JBL) had its price objective reduced by equities research analysts at UBS Group from $130.00 to $120.00 in a report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. UBS Group’s target price points to a potential upside of 6.02% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Barclays cut their price objective on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, March 18th. Argus cut Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. JPMorgan Chase & Co. lowered their target price on Jabil from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Monday, June 17th. The Goldman Sachs Group increased their target price on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.63.

Jabil Stock Performance

Shares of NYSE JBL opened at $113.19 on Friday. The stock has a 50 day moving average price of $119.16 and a 200 day moving average price of $128.05. Jabil has a 52 week low of $100.18 and a 52 week high of $156.94. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.72 and a current ratio of 1.13. The stock has a market capitalization of $13.65 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 1.40 and a beta of 1.35.

Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, June 20th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.53 billion. During the same period last year, the firm posted $1.85 earnings per share. The business’s revenue was down 20.2% on a year-over-year basis. Analysts predict that Jabil will post 7.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Jabil news, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the transaction, the senior vice president now owns 29,006 shares in the company, valued at approximately $4,050,687.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Gerald Creadon sold 3,000 shares of Jabil stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total value of $406,860.00. Following the transaction, the executive vice president now owns 65,434 shares in the company, valued at approximately $8,874,159.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the sale, the senior vice president now directly owns 29,006 shares in the company, valued at approximately $4,050,687.90. The disclosure for this sale can be found here. Insiders have sold a total of 25,877 shares of company stock worth $3,519,883 in the last 90 days. Company insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Jabil

Several hedge funds have recently modified their holdings of JBL. Benjamin Edwards Inc. acquired a new stake in shares of Jabil during the 1st quarter valued at $25,000. Activest Wealth Management acquired a new stake in shares of Jabil during the 1st quarter valued at $28,000. Alaska Permanent Fund Corp acquired a new stake in shares of Jabil during the 4th quarter valued at $29,000. ORG Partners LLC acquired a new stake in shares of Jabil during the 1st quarter valued at $29,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Jabil during the 4th quarter valued at $32,000. Institutional investors and hedge funds 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).