Jabil (NYSE:JBL) Price Target Raised to $157.00

Jabil (NYSE:JBL) had its price target raised by UBS Group from $152.00 to $157.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

Several other analysts have also recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays upped their price target on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group increased their target price on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and a consensus target price of $167.50.

Jabil Trading Up 0.8 %

Shares of JBL stock opened at $145.02 on Friday. Jabil has a twelve month low of $95.85 and a twelve month high of $174.80. The stock’s fifty day simple moving average is $155.96 and its 200 day simple moving average is $138.39. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $15.83 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.11. The company had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.68 earnings per share. As a group, sell-side analysts predict that Jabil will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.08 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Insider Transactions at Jabil

In related news, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the sale, the director now owns 5,900 shares in the company, valued at $1,018,045. This represents a 89.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock valued at $12,804,458 over the last ninety days. 1.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. 111 Capital purchased a new stake in Jabil in the 4th quarter valued at $940,000. Wealth Enhancement Advisory Services LLC grew its position in Jabil by 68.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,318 shares of the technology company’s stock worth $3,212,000 after purchasing an additional 9,039 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its position in shares of Jabil by 3.8% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 10,701 shares of the technology company’s stock worth $1,540,000 after buying an additional 394 shares in the last quarter. BridgePort Financial Solutions LLC purchased a new position in shares of Jabil in the 4th quarter worth approximately $618,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Jabil in the fourth quarter valued at approximately $9,123,000. Institutional investors 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).