Jabil’s (JBL) “Buy” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Jabil (NYSE:JBL) in a report published on Thursday morning,Benzinga reports. The firm currently has a $160.00 price objective on the technology company’s stock, up from their previous price objective of $150.00.

JBL has been the topic of a number of other reports. Bank of America boosted their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. UBS Group boosted their target price on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday. StockNews.com raised Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group upped their price target on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $153.17.

Jabil Trading Up 3.2 %

Shares of NYSE:JBL opened at $145.00 on Thursday. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The company has a market cap of $16.20 billion, a PE ratio of 13.16, a P/E/G ratio of 1.57 and a beta of 1.25. The company’s 50-day moving average price is $131.14 and its 200 day moving average price is $118.31.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The company had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same quarter in the previous year, the firm posted $2.60 EPS. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. Sell-side analysts anticipate that Jabil will post 7.89 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were issued a $0.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. Jabil’s dividend payout ratio is currently 3.07%.

Insiders Place Their Bets

In other Jabil news, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the transaction, the senior vice president now directly owns 41,507 shares in the company, valued at $5,051,816.97. This trade represents a 22.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the sale, the executive vice president now owns 108,753 shares of the company’s stock, valued at approximately $12,908,981.10. This trade represents a 3.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,689 shares of company stock valued at $5,377,431 over the last ninety days. Corporate insiders own 1.73% of the company’s stock.

Institutional Trading of Jabil

Several large investors have recently modified their holdings of the company. Foster & Motley Inc. raised its holdings in Jabil by 8.7% in the 3rd quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock worth $6,252,000 after acquiring an additional 4,181 shares during the period. Nicola Wealth Management LTD. lifted its position in shares of Jabil by 54.9% during the 3rd quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock worth $4,733,000 after purchasing an additional 14,000 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Jabil by 11.8% in the third quarter. Empowered Funds LLC now owns 145,682 shares of the technology company’s stock worth $17,457,000 after acquiring an additional 15,413 shares during the last quarter. BNP Paribas Financial Markets grew its position in Jabil by 58.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 192,815 shares of the technology company’s stock worth $23,105,000 after purchasing an additional 71,292 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Jabil by 51.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,107 shares of the technology company’s stock valued at $2,514,000 after buying an additional 7,878 shares during the last quarter. 93.39% of the stock is owned by 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).