Stifel Nicolaus Boosts Jabil (NYSE:JBL) Price Target to $140.00

Jabil (NYSE:JBL) had its target price hoisted by stock analysts at Stifel Nicolaus from $130.00 to $140.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 14.44% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on JBL. Bank of America upped their price target on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. lowered their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. UBS Group dropped their price target on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Finally, Barclays decreased their price objective on Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.75.

Jabil Stock Down 3.4 %

JBL opened at $122.34 on Friday. Jabil has a 52 week low of $95.85 and a 52 week high of $156.94. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 1.26. The firm has a 50-day simple moving average of $107.42 and a two-hundred day simple moving average of $116.49. The company has a market capitalization of $13.88 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.34 EPS. Analysts forecast that Jabil will post 7.85 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP May Yee Yap sold 4,274 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the completion of the transaction, the senior vice president now owns 24,829 shares in the company, valued at approximately $2,905,986.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP May Yee Yap sold 4,274 shares of Jabil stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the completion of the sale, the senior vice president now directly owns 24,829 shares in the company, valued at $2,905,986.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total transaction of $145,525.00. Following the completion of the transaction, the executive vice president now owns 112,753 shares in the company, valued at $13,126,704.26. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Jabil

A number of institutional investors have recently modified their holdings of the stock. Benjamin Edwards Inc. bought a new position in Jabil in the first quarter worth approximately $25,000. HHM Wealth Advisors LLC purchased a new stake in shares of Jabil in the 2nd quarter worth $28,000. ORG Partners LLC bought a new position in shares of Jabil during the 1st quarter worth $29,000. Innealta Capital LLC bought a new stake in shares of Jabil in the second quarter valued at about $31,000. Finally, Riverview Trust Co purchased a new stake in Jabil in the first quarter worth about $33,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

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).