Jabil (NYSE:JBL) Price Target Raised to $175.00

Jabil (NYSE:JBL) had its target price boosted by research analysts at JPMorgan Chase & Co. from $172.00 to $175.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 21.91% from the stock’s current price.

A number of other research analysts have also weighed in on JBL. Stifel Nicolaus reissued a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. UBS Group boosted their price objective on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday. Barclays raised their target price on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group raised their price objective on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and five have given 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 $166.67.

Jabil Stock Down 0.2 %

Shares of NYSE:JBL traded down $0.28 on Friday, reaching $143.55. The company had a trading volume of 491,596 shares, compared to its average volume of 1,381,070. The stock has a market capitalization of $15.67 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.65 and a beta of 1.19. The stock has a 50-day moving average price of $156.14 and a 200 day moving average price of $137.66. Jabil has a twelve month low of $95.85 and a twelve month high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter last year, the company posted $1.68 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts expect that Jabil will post 8.05 EPS for the current year.

Insider Buying and Selling at Jabil

In related news, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the transaction, the director now owns 12,900 shares of the company’s stock, valued at $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the sale, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock valued at $12,804,458 in the last 90 days. 1.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Jabil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBL. Wellington Management Group LLP boosted its holdings in shares of Jabil by 70,781.4% in the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock worth $835,876,000 after acquiring an additional 5,800,535 shares in the last quarter. Norges Bank bought a new position in Jabil in the 4th quarter valued at $218,430,000. Point72 Asset Management L.P. boosted its stake in Jabil by 1,007.6% in the fourth quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company’s stock worth $138,954,000 after purchasing an additional 878,444 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Jabil by 406.5% in the third quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock valued at $86,613,000 after buying an additional 580,100 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Jabil by 16,190.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company’s stock valued at $79,539,000 after buying an additional 549,347 shares during the last quarter. 93.39% of the stock is currently 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).