Jabil (NYSE:JBL) PT Lowered to $130.00 at Stifel Nicolaus

Jabil (NYSE:JBL) had its price objective lowered by Stifel Nicolaus from $135.00 to $130.00 in a report published on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other equities research analysts have also commented on the company. JPMorgan Chase & Co. reduced their price target on Jabil from $137.00 to $133.00 and set an overweight rating on the stock in a research report on Tuesday, September 3rd. Bank of America reduced their target price on Jabil from $150.00 to $135.00 and set a buy rating on the stock in a report on Friday, June 21st. Barclays lowered their price target on shares of Jabil from $149.00 to $135.00 and set an overweight rating for the company in a report on Friday, June 21st. Finally, UBS Group cut their target price on Jabil from $130.00 to $120.00 and set a neutral rating on the stock in a research report on Friday, June 21st. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $139.88.

Jabil Trading Up 2.8 %

Shares of Jabil stock opened at $113.96 on Tuesday. Jabil has a 1 year low of $95.85 and a 1 year high of $156.94. The firm’s 50 day moving average is $107.10 and its 200 day moving average is $118.14. 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 has a market capitalization of $12.93 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.04. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.53 billion. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The company’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 earnings per share. Equities research analysts forecast that Jabil will post 7.86 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Thursday, August 15th. Jabil’s dividend payout ratio (DPR) is presently 2.91%.

Insider Buying and Selling

In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was 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 in the company, valued at approximately $13,126,704.26. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Frederic E. Mccoy sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the transaction, the executive vice president now owns 112,753 shares in the company, valued at approximately $13,126,704.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP May Yee Yap sold 4,274 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following 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. 2.62% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Benjamin Edwards Inc. purchased a new stake in Jabil during the first quarter valued at about $25,000. HHM Wealth Advisors LLC bought a new stake in shares of Jabil in the second quarter valued at approximately $28,000. ORG Partners LLC purchased a new stake in shares of Jabil during the 1st quarter valued at approximately $29,000. Innealta Capital LLC bought a new position in Jabil in the 2nd quarter worth approximately $31,000. Finally, Riverview Trust Co purchased a new position in Jabil in the 1st quarter valued at approximately $33,000. Institutional investors own 93.39% of the company’s stock.

About Jabil

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).