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

Jabil (NYSE:JBL) had its price objective hoisted by analysts at UBS Group from $128.00 to $152.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. UBS Group’s price objective would suggest a potential upside of 4.83% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Bank of America boosted their target price on 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 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. Stifel Nicolaus lifted their price target on shares of Jabil from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group boosted their price target on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $153.17.

Jabil Stock Up 3.2 %

Shares of NYSE:JBL opened at $145.00 on Thursday. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The firm’s 50 day moving average price is $130.72 and its 200 day moving average price is $118.12. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market cap of $16.20 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25.

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

Insider Buying and Selling

In other news, SVP Francis Mckay sold 11,755 shares of the business’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 transaction, the senior vice president now directly owns 41,507 shares in the company, valued at $5,051,816.97. The trade was a 22.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the sale, the director now owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,689 shares of company stock valued at $5,377,431 over the last quarter. 1.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Synovus Financial Corp grew its position in Jabil by 92.8% during the third quarter. Synovus Financial Corp now owns 18,056 shares of the technology company’s stock worth $2,164,000 after buying an additional 8,693 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Jabil during the 3rd quarter worth approximately $347,000. Sanctuary Advisors LLC grew its holdings in shares of 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 during the period. Te Ahumairangi Investment Management Ltd increased its stake 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 valued at $2,474,000 after purchasing an additional 16,307 shares in the last quarter. Finally, Virtu Financial LLC raised its holdings in Jabil by 157.9% during the third quarter. Virtu Financial LLC now owns 15,091 shares of the technology company’s stock worth $1,808,000 after purchasing an additional 9,239 shares during the last quarter. Institutional investors and hedge funds 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).