Jabil (NYSE:JBL) Price Target Raised to $150.00

Jabil (NYSE:JBL) had its price target increased by analysts at Stifel Nicolaus from $140.00 to $150.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 10.15% from the stock’s previous close.

JBL has been the subject of several other reports. Bank of America increased their price target on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. StockNews.com upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. cut their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Finally, Barclays lifted their price objective on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.17.

Jabil Trading Up 0.5 %

Shares of JBL stock traded up $0.68 during trading hours on Wednesday, reaching $136.18. The company’s stock had a trading volume of 45,248 shares, compared to its average volume of 1,428,628. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. Jabil has a one year low of $95.85 and a one year high of $156.94. The stock has a market capitalization of $15.37 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.59 and a beta of 1.25. The firm’s fifty day simple moving average is $127.20 and its 200 day simple moving average is $116.67.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.59 billion. During the same quarter in the previous year, the business posted $2.34 earnings per share. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. Equities research analysts expect that Jabil will post 7.84 EPS for the current year.

Insider Buying and Selling at Jabil

In other Jabil news, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the transaction, the senior vice president now owns 41,507 shares in the company, valued at $5,051,816.97. This trade represents a 22.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the sale, the executive vice president now directly owns 108,753 shares in the company, valued at $12,908,981.10. This trade represents a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,689 shares of company stock worth $5,377,431. Insiders own 2.62% of the company’s stock.

Institutional Trading of Jabil

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. raised its position in Jabil by 12,251.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock worth $264,391,000 after purchasing an additional 2,188,521 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Jabil in the second quarter worth approximately $78,660,000. AQR Capital Management LLC lifted its stake in shares of Jabil by 195.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock worth $115,404,000 after acquiring an additional 702,199 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in Jabil by 406.5% during the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock valued at $86,613,000 after acquiring an additional 580,100 shares during the period. Finally, FMR LLC increased its stake in Jabil by 11.3% in the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after purchasing an additional 520,672 shares during the period. Hedge funds and other 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).