Jabil (NYSE:JBL) Price Target Raised to $152.00 at UBS Group

Jabil (NYSE:JBL) had its price objective boosted by analysts at UBS Group from $128.00 to $152.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. UBS Group’s price objective points to a potential upside of 5.78% from the company’s current price.

Several other equities research analysts have also recently issued reports on JBL. Stifel Nicolaus raised their price objective on Jabil from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. lowered their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Barclays increased their price objective on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Bank of America boosted their target price on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, The Goldman Sachs Group increased their price target on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and a consensus price target of $147.83.

Jabil Stock Up 7.3 %

Shares of NYSE:JBL opened at $143.69 on Thursday. The company has a market capitalization of $16.05 billion, a P/E ratio of 13.04, a P/E/G ratio of 1.57 and a beta of 1.25. The stock’s fifty day simple moving average is $130.37 and its 200-day simple moving average is $117.96. Jabil has a 52-week low of $95.85 and a 52-week high of $156.94. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.60 earnings per share. As a group, equities research analysts forecast that Jabil will post 7.89 earnings per share for the current fiscal year.

Insider Transactions at Jabil

In other news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the sale, the director now directly owns 139,108 shares of the company’s stock, valued at $17,346,767.60. The trade was a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Francis Mckay sold 11,755 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the transaction, the senior vice president now owns 41,507 shares of the company’s stock, valued at $5,051,816.97. This trade represents a 22.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,689 shares of company stock valued at $5,377,431. Corporate insiders own 1.73% of the company’s stock.

Institutional Trading of Jabil

Hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp increased its stake in Jabil by 6.3% in the 2nd quarter. Fifth Third Bancorp now owns 3,427 shares of the technology company’s stock valued at $373,000 after buying an additional 202 shares during the period. Family Firm Inc. acquired a new position in Jabil during the 2nd quarter valued at $37,000. LRI Investments LLC boosted its holdings in Jabil by 11.1% in the 2nd quarter. LRI Investments LLC now owns 2,673 shares of the technology company’s stock valued at $291,000 after purchasing an additional 267 shares during the period. Ceredex Value Advisors LLC grew its position in Jabil by 16.0% in the 2nd quarter. Ceredex Value Advisors LLC now owns 402,850 shares of the technology company’s stock worth $43,826,000 after purchasing an additional 55,450 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Jabil by 29.0% in the second quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock valued at $150,463,000 after buying an additional 310,590 shares during the period. 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).