Stifel Nicolaus Forecasts Strong Price Appreciation for Jabil (NYSE:JBL) Stock

Jabil (NYSE:JBL) had its target price boosted by Stifel Nicolaus from $140.00 to $150.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Bank of America upped 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. Barclays upped their price target on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. dropped their price target 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. Finally, StockNews.com upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Jabil presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.17.

Jabil Stock Down 0.1 %

NYSE:JBL opened at $135.64 on Wednesday. The firm’s 50-day moving average price is $128.11 and its 200-day moving average price is $117.05. The company has a market capitalization of $15.31 billion, a PE ratio of 12.31, a P/E/G ratio of 1.60 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. Jabil has a 1-year low of $95.85 and a 1-year high of $156.94.

Jabil (NYSE:JBL) last released its 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. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.59 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The company’s revenue was down 17.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.34 EPS. On average, equities analysts predict that Jabil will post 7.84 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Friday, November 15th. Jabil’s dividend payout ratio is currently 2.90%.

Insider Buying and Selling at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total value of $474,800.00. Following the transaction, the executive vice president now owns 108,753 shares in the company, valued at $12,908,981.10. This represents a 3.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Matthew Crowley sold 1,380 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $125.83, for a total transaction of $173,645.40. Following the completion of the transaction, the executive vice president now owns 18,568 shares in the company, valued at $2,336,411.44. This trade represents a 6.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,689 shares of company stock worth $5,377,431. Company insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Jabil

Several institutional investors have recently made changes to their positions in the business. Synovus Financial Corp lifted its stake in shares of Jabil by 92.8% in the 3rd quarter. Synovus Financial Corp now owns 18,056 shares of the technology company’s stock worth $2,164,000 after purchasing an additional 8,693 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Jabil in the 3rd quarter worth approximately $347,000. Sanctuary Advisors LLC increased its holdings in Jabil by 1.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 46,101 shares of the technology company’s stock worth $6,045,000 after acquiring an additional 573 shares in the last quarter. Te Ahumairangi Investment Management Ltd increased its holdings in Jabil by 365.6% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 20,767 shares of the technology company’s stock worth $2,474,000 after acquiring an additional 16,307 shares in the last quarter. Finally, Virtu Financial LLC increased its holdings in Jabil by 157.9% in the 3rd quarter. Virtu Financial LLC now owns 15,091 shares of the technology company’s stock worth $1,808,000 after acquiring an additional 9,239 shares in the last quarter. 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).