Jabil (NYSE:JBL) Given “Buy” Rating at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Jabil (NYSE:JBL) in a report issued on Thursday,Benzinga reports. The brokerage currently has a $160.00 price target on the technology company’s stock, up from their prior price target of $150.00.

A number of other equities analysts also recently issued reports on the stock. 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 report on Friday, September 27th. JPMorgan Chase & Co. decreased their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. StockNews.com raised Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. UBS Group raised their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, The Goldman Sachs Group upped their target price on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Jabil presently has an average rating of “Moderate Buy” and an average price target of $153.17.

Jabil Stock Performance

Jabil stock opened at $142.93 on Thursday. Jabil has a twelve month low of $95.85 and a twelve month 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. The stock’s 50 day moving average is $130.72 and its 200 day moving average is $118.12. The company has a market capitalization of $15.96 billion, a P/E ratio of 12.97, a PEG ratio of 1.57 and a beta of 1.25.

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

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, November 15th. This represents a $0.32 annualized dividend and a yield of 0.22%. Jabil’s payout ratio is presently 2.90%.

Insider Transactions at Jabil

In other Jabil news, SVP Francis Mckay sold 11,755 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the sale, the senior vice president now owns 41,507 shares in the company, valued at $5,051,816.97. This trade represents a 22.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the sale, the executive vice president now owns 108,753 shares of the company’s stock, valued at approximately $12,908,981.10. This trade represents a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,689 shares of company stock worth $5,377,431. 1.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jabil

A number of institutional investors have recently modified their holdings of the stock. Foster & Motley Inc. grew its stake in Jabil by 8.7% in the third quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock worth $6,252,000 after purchasing an additional 4,181 shares in the last quarter. Nicola Wealth Management LTD. grew its position in shares of Jabil by 54.9% during the 3rd quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock worth $4,733,000 after buying an additional 14,000 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Jabil by 11.8% during the third quarter. Empowered Funds LLC now owns 145,682 shares of the technology company’s stock valued at $17,457,000 after buying an additional 15,413 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Jabil by 58.7% in the third quarter. BNP Paribas Financial Markets now owns 192,815 shares of the technology company’s stock valued at $23,105,000 after acquiring an additional 71,292 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Jabil by 51.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,107 shares of the technology company’s stock worth $2,514,000 after acquiring an additional 7,878 shares during the period. 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).