Jabil (NYSE:JBL) Receives “Buy” Rating from Stifel Nicolaus

Jabil (NYSE:JBL)‘s stock had its “buy” rating reissued by analysts at Stifel Nicolaus in a report issued on Thursday,Benzinga reports. They currently have a $160.00 target price on the technology company’s stock, up from their previous target price of $150.00. Stifel Nicolaus’ price objective indicates a potential upside of 14.25% from the company’s current price.

Several other research analysts have also weighed in on JBL. Bank of America boosted their price target on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. UBS Group increased their price objective on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday. The Goldman Sachs Group increased their target price on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday. StockNews.com upgraded Jabil from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Barclays upped their price objective on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and a consensus price target of $149.50.

Jabil Stock Down 2.5 %

Shares of JBL traded down $3.65 during midday trading on Thursday, hitting $140.04. The stock had a trading volume of 666,235 shares, compared to its average volume of 1,426,162. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. The firm has a market cap of $15.64 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25. The company has a 50 day simple moving average of $130.37 and a two-hundred day simple moving average of $117.96. Jabil has a twelve month low of $95.85 and a twelve month high of $156.94.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate 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 EPS. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. On average, analysts anticipate that Jabil will post 7.89 EPS for the current year.

Insider Transactions at Jabil

In related news, EVP Matthew Crowley sold 1,380 shares of Jabil stock in a transaction 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 sale, the executive vice president now owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. This trade represents a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president now directly owns 41,507 shares in the company, valued at $5,051,816.97. This represents a 22.07 % 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 valued at $5,377,431. Corporate insiders own 1.73% of the company’s stock.

Hedge Funds Weigh In On Jabil

Hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp lifted its position in Jabil by 6.3% in the second quarter. Fifth Third Bancorp now owns 3,427 shares of the technology company’s stock valued at $373,000 after purchasing an additional 202 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Jabil during the second quarter valued at approximately $37,000. LRI Investments LLC grew its stake in Jabil by 11.1% in the second quarter. LRI Investments LLC now owns 2,673 shares of the technology company’s stock worth $291,000 after purchasing an additional 267 shares during the period. Ceredex Value Advisors LLC raised its holdings in Jabil by 16.0% in the second quarter. Ceredex Value Advisors LLC now owns 402,850 shares of the technology company’s stock worth $43,826,000 after purchasing an additional 55,450 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Jabil by 29.0% during the second quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock valued at $150,463,000 after buying an additional 310,590 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

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).