Stifel Nicolaus Boosts Jabil (NYSE:JBL) Price Target to $140.00

Jabil (NYSE:JBL) had its target price upped by Stifel Nicolaus from $130.00 to $140.00 in a report issued on Friday morning, Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other equities research analysts also recently commented on JBL. UBS Group reduced their target price on shares of Jabil from $130.00 to $120.00 and set a neutral rating on the stock in a research note on Friday, June 21st. JPMorgan Chase & Co. reduced their target price on shares of Jabil from $137.00 to $133.00 and set an overweight rating on the stock in a research note on Tuesday, September 3rd. Barclays reduced their target price on shares of Jabil from $149.00 to $135.00 and set an overweight rating on the stock in a research note on Friday, June 21st. Finally, Bank of America boosted their target price on shares of Jabil from $135.00 to $150.00 and gave the company a buy rating in a research note on Friday. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Jabil currently has a consensus rating of Moderate Buy and an average target price of $145.86.

Jabil Stock Down 3.4 %

JBL opened at $122.34 on Friday. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74. The firm’s fifty day moving average price is $107.42 and its two-hundred day moving average price is $116.27. The company has a market capitalization of $13.88 billion, a P/E ratio of 11.13, a P/E/G ratio of 2.23 and a beta of 1.25.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter in the previous year, the company earned $2.34 earnings per share. The business’s revenue was down 17.7% compared to the same quarter last year. On average, analysts anticipate that Jabil will post 7.85 EPS for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.26%. The ex-dividend date was Thursday, August 15th. Jabil’s payout ratio is presently 2.91%.

Insider Buying and Selling at Jabil

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Benjamin Edwards Inc. bought a new position in shares of Jabil in the 1st quarter valued at about $25,000. ORG Partners LLC bought a new position in shares of Jabil in the 1st quarter valued at about $29,000. Riverview Trust Co bought a new position in shares of Jabil in the 1st quarter valued at about $33,000. HHM Wealth Advisors LLC bought a new position in shares of Jabil in the 2nd quarter valued at about $28,000. Finally, Innealta Capital LLC bought a new position in shares of Jabil in the 2nd 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).