Jabil (NYSE:JBL) Price Target Raised to $179.00

Jabil (NYSE:JBL) had its target price increased by stock analysts at Barclays from $157.00 to $179.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Barclays‘s price target points to a potential upside of 23.45% from the stock’s previous close.

A number of other brokerages have also issued reports on JBL. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday. UBS Group increased their target price on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. StockNews.com lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Finally, Bank of America raised their price objective on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and an average target price of $153.17.

Jabil Stock Up 3.2 %

Shares of NYSE JBL opened at $145.00 on Friday. Jabil has a 1 year low of $95.85 and a 1 year high of $156.94. The stock’s 50-day simple moving average is $131.14 and its 200-day simple moving average is $118.31. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. The firm has a market cap of $16.20 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.57 and a beta of 1.25.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.12. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The company’s revenue was down 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.60 EPS. As a group, equities analysts anticipate that Jabil will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the transaction, the director now directly owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matthew Crowley sold 1,380 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $125.83, for a total transaction of $173,645.40. Following the sale, the executive vice president now owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. This represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,689 shares of company stock valued at $5,377,431. 1.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. HHM Wealth Advisors LLC purchased a new stake in shares of Jabil during the 2nd quarter worth about $28,000. Capital Performance Advisors LLP acquired a new stake in Jabil in the third quarter valued at approximately $32,000. Innealta Capital LLC bought a new stake in Jabil in the second quarter worth approximately $31,000. Brooklyn Investment Group bought a new position in shares of Jabil during the 3rd quarter valued at $39,000. Finally, Family Firm Inc. acquired a new stake in shares of Jabil in the 2nd quarter valued at $37,000. Hedge funds and other 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).