Stifel Nicolaus Raises Jabil (NYSE:JBL) Price Target to $140.00

Jabil (NYSE:JBL) had its price objective increased by equities research analysts at Stifel Nicolaus from $130.00 to $140.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 10.54% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. Barclays decreased their target price on Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, June 21st. UBS Group reduced their price objective on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. JPMorgan Chase & Co. dropped their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Finally, Bank of America lifted their target price on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

Jabil Stock Up 11.7 %

Shares of NYSE:JBL opened at $126.65 on Friday. Jabil has a 1 year low of $95.85 and a 1 year high of $156.94. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74. The stock’s 50-day moving average is $107.19 and its 200 day moving average is $116.90. The company has a market cap of $14.37 billion, a PE ratio of 11.52, a P/E/G ratio of 2.23 and a beta of 1.25.

Insider Activity at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $116.42, for a total value of $145,525.00. Following the sale, the executive vice president now owns 112,753 shares in the company, valued at $13,126,704.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP May Yee Yap sold 4,274 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the completion of the transaction, the senior vice president now owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Frederic E. Mccoy sold 1,250 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the sale, the executive vice president now directly owns 112,753 shares in the company, valued at $13,126,704.26. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jabil

Large investors have recently modified their holdings of the stock. Benjamin Edwards Inc. purchased a new stake in Jabil during the 1st quarter valued at about $25,000. HHM Wealth Advisors LLC purchased a new position in Jabil in the second quarter worth about $28,000. ORG Partners LLC bought a new position in shares of Jabil in the first quarter worth approximately $29,000. Innealta Capital LLC purchased a new stake in shares of Jabil during the second quarter valued at approximately $31,000. Finally, Riverview Trust Co bought a new stake in shares of Jabil during the first quarter valued at approximately $33,000. Hedge funds and other 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).