Jabil (NYSE:JBL) Price Target Raised to $184.00 at Barclays

Jabil (NYSE:JBL) had its price target hoisted by Barclays from $179.00 to $184.00 in a research note issued to investors on Friday,Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

A number of other analysts have also recently weighed in on the company. The Goldman Sachs Group increased their price target on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. UBS Group increased their price target on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. increased their price target on Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $167.50.

Jabil Trading Up 0.8 %

NYSE:JBL opened at $145.02 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The business’s 50 day moving average is $155.96 and its two-hundred day moving average is $137.91. Jabil has a 52 week low of $95.85 and a 52 week high of $174.80. The company has a market cap of $15.83 billion, a PE ratio of 13.90, a P/E/G ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping 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 company had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter last year, the business posted $1.68 EPS. Jabil’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts predict that Jabil will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil’s dividend payout ratio is currently 3.07%.

Insider Activity at Jabil

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

Hedge Funds Weigh In On Jabil

Several hedge funds have recently modified their holdings of JBL. Wellington Management Group LLP increased its position in shares of Jabil by 70,781.4% during the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock valued at $835,876,000 after purchasing an additional 5,800,535 shares during the period. Norges Bank bought a new stake in shares of Jabil during the 4th quarter worth $218,430,000. Point72 Asset Management L.P. boosted its stake in shares of Jabil by 1,007.6% during the 4th quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company’s stock worth $138,954,000 after acquiring an additional 878,444 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Jabil by 406.5% during the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock worth $86,613,000 after acquiring an additional 580,100 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Jabil by 16,190.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company’s stock worth $79,539,000 after acquiring an additional 549,347 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

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).