Barclays Increases Jabil (NYSE:JBL) Price Target to $179.00

Jabil (NYSE:JBL) had its target price increased by Barclays from $157.00 to $179.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other research analysts also recently issued reports on JBL. StockNews.com downgraded Jabil from a “strong-buy” rating to a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. cut their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday. The Goldman Sachs Group lifted their price objective on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Bank of America raised their price target on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $153.17.

Jabil Price Performance

JBL stock opened at $145.00 on Friday. The business has a 50 day moving average price of $130.72 and a 200 day moving average price of $118.12. 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 has a market cap of $16.20 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.57 and a beta of 1.25. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $156.94.

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

Jabil Announces Dividend

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

Insiders Place Their Bets

In related news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $124.70, for a total value of $2,494,000.00. Following the sale, the director now directly owns 139,108 shares in the company, valued at $17,346,767.60. The trade was a 12.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total transaction of $474,800.00. Following the transaction, the executive vice president now owns 108,753 shares of the company’s stock, valued at $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. Over the last three months, insiders have sold 43,689 shares of company stock worth $5,377,431. 1.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JBL. HHM Wealth Advisors LLC acquired a new stake in Jabil during the 2nd quarter valued at $28,000. Capital Performance Advisors LLP acquired a new stake in shares of Jabil during the third quarter valued at $32,000. Innealta Capital LLC acquired a new position in Jabil in the 2nd quarter valued at about $31,000. Brooklyn Investment Group purchased a new position in Jabil in the 3rd quarter valued at about $39,000. Finally, Family Firm Inc. acquired a new stake in shares of Jabil during the 2nd quarter worth about $37,000. 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).