Jabil (NYSE:JBL) Price Target Raised to $175.00 at JPMorgan Chase & Co.

Jabil (NYSE:JBL) had its price objective lifted by JPMorgan Chase & Co. from $172.00 to $175.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other equities research analysts have also commented on JBL. The Goldman Sachs Group upped their price target on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Stifel Nicolaus restated a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Barclays upped their price target on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Finally, UBS Group upped their price target on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.50.

Jabil Price Performance

Shares of NYSE:JBL opened at $145.02 on Friday. The company has a market cap of $15.83 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.65 and a beta of 1.19. 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 has a 52 week low of $95.85 and a 52 week high of $174.80. The business has a fifty day simple moving average of $155.96 and a 200-day simple moving average of $137.91.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts forecast that Jabil will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.08 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. Jabil’s dividend payout ratio (DPR) is currently 3.07%.

Insider Activity

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares in the company, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were 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 approximately $2,093,283. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jabil

A number of hedge funds have recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Jabil during the 3rd quarter worth approximately $365,000. PNC Financial Services Group Inc. lifted its holdings in Jabil by 2.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 35,734 shares of the technology company’s stock worth $4,282,000 after buying an additional 1,013 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Jabil by 2,750.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 110,701 shares of the technology company’s stock worth $13,265,000 after buying an additional 106,818 shares during the last quarter. Eagle Asset Management Inc. bought a new position in Jabil during the 3rd quarter worth approximately $5,434,000. Finally, AlphaCore Capital LLC lifted its holdings in Jabil by 4.7% during the 3rd quarter. AlphaCore Capital LLC now owns 3,145 shares of the technology company’s stock worth $377,000 after buying an additional 141 shares during the last quarter. Institutional investors and hedge funds 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).