UBS Group Increases Jabil (NYSE:JBL) Price Target to $152.00

Jabil (NYSE:JBL) had its target price increased by UBS Group from $128.00 to $152.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Bank of America increased their price objective on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Barclays boosted their target price on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a report on Friday, September 27th. StockNews.com raised Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, The Goldman Sachs Group raised their target price on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.17.

Jabil Stock Performance

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

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

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, November 15th. This represents a $0.32 annualized dividend and a yield of 0.22%. Jabil’s dividend payout ratio (DPR) is currently 3.07%.

Insider Transactions at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the completion of the sale, the executive vice president now owns 108,753 shares of the company’s stock, valued at approximately $12,908,981.10. This trade represents a 3.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the sale, the senior vice president now directly owns 41,507 shares in the company, valued at approximately $5,051,816.97. This trade represents a 22.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,689 shares of company stock worth $5,377,431 in the last quarter. 1.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. HHM Wealth Advisors LLC purchased a new stake in shares of Jabil during the second quarter worth $28,000. Innealta Capital LLC purchased a new position in Jabil during the 2nd quarter valued at about $31,000. Capital Performance Advisors LLP bought a new stake in shares of Jabil during the third quarter valued at about $32,000. Family Firm Inc. bought a new position in shares of Jabil in the second quarter valued at approximately $37,000. Finally, Brooklyn Investment Group purchased a new position in Jabil during the third quarter valued at approximately $39,000. 93.39% of the stock is owned by institutional investors.

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).