Jabil (NYSE:JBL) Sets New 52-Week High – Should You Buy?

Jabil Inc. (NYSE:JBL) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $165.05 and last traded at $166.36, with a volume of 3750 shares. The stock had previously closed at $162.90.

Analysts Set New Price Targets

Several equities analysts recently issued reports on JBL shares. Barclays increased their target price on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Bank of America upped their price target on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. The Goldman Sachs Group upped their price target on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. UBS Group upped their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, Stifel Nicolaus restated a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $153.17.

Jabil Trading Up 0.9 %

The firm has a market cap of $18.46 billion, a PE ratio of 16.21, a P/E/G ratio of 1.76 and a beta of 1.23. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The business has a fifty day moving average price of $142.73 and a 200 day moving average price of $124.45.

Jabil (NYSE:JBL) last announced 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. The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business’s revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.60 EPS. Analysts forecast that Jabil Inc. will post 8.03 EPS for the current year.

Insider Activity at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now directly owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Frederic E. Mccoy sold 4,283 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $122.28, for a total value of $523,725.24. Following the sale, the executive vice president now directly owns 142,472 shares of the company’s stock, valued at $17,421,476.16. The trade was a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,038 shares of company stock valued at $5,579,666 in the last three months. 1.73% of the stock is currently owned by company insiders.

Institutional Trading of Jabil

A number of hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in Jabil during the 4th quarter worth approximately $81,000. Twelve Points Wealth Management LLC lifted its position in Jabil by 2.7% during the 4th quarter. Twelve Points Wealth Management LLC now owns 18,471 shares of the technology company’s stock worth $2,658,000 after acquiring an additional 489 shares during the period. Perigon Wealth Management LLC acquired a new stake in Jabil during the 4th quarter worth approximately $179,000. KBC Group NV lifted its position in Jabil by 13.6% during the 4th quarter. KBC Group NV now owns 138,575 shares of the technology company’s stock worth $19,940,000 after acquiring an additional 16,550 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Jabil by 26.5% in the 4th quarter. Blue Trust Inc. now owns 3,237 shares of the technology company’s stock valued at $466,000 after buying an additional 678 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

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).