Jabil (NYSE:JBL) Price Target Raised to $175.00 at JPMorgan Chase & Co.

Jabil (NYSE:JBL) had its target price upped by JPMorgan Chase & Co. from $172.00 to $175.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

Several other research firms have also weighed in on JBL. Barclays increased their price target on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. UBS Group increased their price target on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday. Stifel Nicolaus reiterated 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. The Goldman Sachs Group increased their target price on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Finally, StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $167.50.

Jabil Stock Performance

NYSE JBL opened at $145.02 on Friday. Jabil has a 1 year low of $95.85 and a 1 year high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The firm has a market cap of $15.83 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.65 and a beta of 1.19. The company has a fifty day moving average price of $155.96 and a 200-day moving average price of $138.39.

Jabil (NYSE:JBL) last posted its quarterly earnings results 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. The company had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.68 earnings per share. As a group, equities research analysts predict that Jabil will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

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

Insider Transactions at Jabil

In other 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 sale, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now directly owns 119,108 shares in the company, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,400 shares of company stock valued at $12,804,458. 1.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jabil

A number of institutional investors and hedge funds have recently bought and sold shares of JBL. SBI Securities Co. Ltd. purchased a new stake in Jabil in the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Jabil in the fourth quarter valued at approximately $29,000. Millstone Evans Group LLC purchased a new stake in Jabil in the fourth quarter valued at approximately $37,000. Brooklyn Investment Group purchased a new stake in Jabil in the third quarter valued at approximately $39,000. Finally, First Horizon Advisors Inc. raised its stake in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after purchasing an additional 130 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

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).