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

Jabil (NYSE:JBL) had its price target raised by investment analysts at Barclays from $179.00 to $184.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Barclays‘s target price indicates a potential upside of 26.88% from the stock’s current price.

JBL has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their target price on Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group lifted their target price on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Finally, UBS Group lifted their target price on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $167.50.

Jabil Price Performance

Shares of NYSE:JBL opened at $145.02 on Friday. 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 stock’s fifty day simple moving average is $155.96 and its two-hundred day simple moving average is $138.15. Jabil has a 1-year low of $95.85 and a 1-year high of $174.80. The stock has a market cap of $15.83 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share 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 business had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same period last year, the business earned $1.68 EPS. The business’s revenue was down .6% on a year-over-year basis. As a group, analysts forecast that Jabil will post 8.05 EPS for the current fiscal year.

Insider Buying and Selling at Jabil

In other news, Director John C. Plant sold 50,000 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the transaction, the director now owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the transaction, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at $20,744,490.32. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock valued at $12,804,458 in the last quarter. 1.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Jabil

Several hedge funds and other institutional investors have recently bought and sold shares of JBL. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Jabil in the third quarter worth approximately $365,000. PNC Financial Services Group Inc. boosted its stake in Jabil by 2.9% in the third quarter. PNC Financial Services Group Inc. now owns 35,734 shares of the technology company’s stock worth $4,282,000 after buying an additional 1,013 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Jabil by 2,750.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 110,701 shares of the technology company’s stock worth $13,265,000 after buying an additional 106,818 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in Jabil in the third quarter worth approximately $5,434,000. Finally, AlphaCore Capital LLC boosted its stake in Jabil by 4.7% in the third quarter. AlphaCore Capital LLC now owns 3,145 shares of the technology company’s stock worth $377,000 after buying an additional 141 shares in the last quarter. Hedge funds and other 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).