UBS Group Issues Positive Forecast for Jabil (NYSE:JBL) Stock Price

Jabil (NYSE:JBL) had its price target boosted by equities research analysts at UBS Group from $152.00 to $157.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. UBS Group’s price target suggests a potential upside of 9.97% from the stock’s current price.

JBL has been the topic of several other reports. Stifel Nicolaus restated a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. The Goldman Sachs Group upped their price objective on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a report on Monday, February 24th. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Barclays upped their price objective on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.67.

Jabil Price Performance

Shares of Jabil stock traded down $1.07 on Friday, hitting $142.77. 446,524 shares of the company were exchanged, compared to its average volume of 1,380,889. The stock has a market capitalization of $15.59 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. The company has a 50-day moving average price of $156.14 and a 200 day moving average price of $137.66. Jabil has a 1-year low of $95.85 and a 1-year high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 EPS. As a group, sell-side analysts predict that Jabil will post 8.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Jabil

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the sale, the director now owns 12,900 shares of the company’s stock, valued at $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the sale, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock valued at $12,804,458 over the last quarter. 1.73% of the stock is owned by company insiders.

Institutional Trading of Jabil

A number of large investors have recently modified their holdings of JBL. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Jabil during the third quarter worth $365,000. PNC Financial Services Group Inc. increased its position in shares of Jabil by 2.9% during the third quarter. PNC Financial Services Group Inc. now owns 35,734 shares of the technology company’s stock worth $4,282,000 after acquiring an additional 1,013 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Jabil by 2,750.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 110,701 shares of the technology company’s stock worth $13,265,000 after acquiring an additional 106,818 shares during the period. Eagle Asset Management Inc. purchased a new stake in shares of Jabil during the third quarter worth $5,434,000. Finally, AlphaCore Capital LLC increased its position in shares of Jabil by 4.7% during the third quarter. AlphaCore Capital LLC now owns 3,145 shares of the technology company’s stock worth $377,000 after acquiring an additional 141 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Company Profile

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).