Barclays Raises Jabil (NYSE:JBL) Price Target to $157.00

Jabil (NYSE:JBL) had its price target increased by analysts at Barclays from $135.00 to $157.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Barclays‘s target price points to a potential upside of 25.42% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. UBS Group dropped their price objective on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. Stifel Nicolaus upped their price target on shares of Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. lowered their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Finally, Bank of America raised their price objective on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.75.

Jabil Trading Down 1.2 %

JBL stock traded down $1.47 during midday trading on Friday, reaching $125.18. 264,364 shares of the company’s stock traded hands, compared to its average volume of 1,484,812. The business has a 50-day moving average price of $107.19 and a two-hundred day moving average price of $116.90. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The company has a market capitalization of $14.20 billion, a P/E ratio of 11.39, a PEG ratio of 2.23 and a beta of 1.25.

Insider Transactions at Jabil

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

Institutional Investors Weigh In On Jabil

Hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in Jabil by 13.0% during the fourth quarter. Wells Fargo & Company MN now owns 154,314 shares of the technology company’s stock worth $19,660,000 after purchasing an additional 17,766 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Jabil by 141.7% during the first quarter. Cetera Investment Advisers now owns 17,350 shares of the technology company’s stock valued at $2,324,000 after acquiring an additional 10,173 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Jabil by 30.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 331,373 shares of the technology company’s stock worth $44,387,000 after acquiring an additional 76,573 shares during the period. Tobam bought a new position in Jabil in the 1st quarter valued at $1,692,000. Finally, Hsbc Holdings PLC increased its position in shares of Jabil by 197.9% during the 4th quarter. Hsbc Holdings PLC now owns 88,436 shares of the technology company’s stock valued at $11,268,000 after purchasing an additional 58,752 shares during the last quarter. Institutional investors and hedge funds 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).