Jabil (NYSE:JBL) Stock Price Expected to Rise, Barclays Analyst Says

Jabil (NYSE:JBL) had its price objective boosted by equities research analysts at Barclays from $157.00 to $179.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Barclays‘s price target suggests a potential upside of 23.45% from the stock’s current price.

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

Jabil Trading Up 3.2 %

Shares of Jabil stock opened at $145.00 on Friday. The company has a 50-day moving average of $131.14 and a two-hundred day moving average of $118.31. The stock has a market cap of $16.20 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. Jabil has a 12-month low of $95.85 and a 12-month 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 (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.12. The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. Jabil’s revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.60 earnings per share. On average, research analysts anticipate that Jabil will post 7.89 EPS for the current fiscal year.

Insider Transactions at Jabil

In other Jabil news, EVP Matthew Crowley sold 1,380 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $125.83, for a total transaction of $173,645.40. Following the completion of the sale, the executive vice president now directly owns 18,568 shares in the company, valued at $2,336,411.44. This represents a 6.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of Jabil 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 completion of the transaction, the director now directly owns 139,108 shares in the company, valued at $17,346,767.60. This represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,689 shares of company stock worth $5,377,431 in the last three months. Company insiders own 1.73% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. HHM Wealth Advisors LLC acquired a new stake in shares of Jabil in the second quarter worth $28,000. Innealta Capital LLC acquired a new stake in Jabil in the 2nd quarter valued at $31,000. Capital Performance Advisors LLP purchased a new position in Jabil in the third quarter valued at about $32,000. Family Firm Inc. acquired a new position in shares of Jabil during the second quarter worth about $37,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Jabil in the third quarter worth about $39,000. 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).