Jabil (NYSE:JBL) PT Raised to $140.00 at Stifel Nicolaus

Jabil (NYSE:JBL) had its price target lifted by Stifel Nicolaus from $130.00 to $140.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 14.44% from the company’s current price.

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

Jabil Price Performance

JBL opened at $122.34 on Friday. Jabil has a 1 year low of $95.85 and a 1 year high of $156.94. The stock has a 50-day moving average price of $107.42 and a 200-day moving average price of $116.49. The firm has a market cap of $13.88 billion, a PE ratio of 11.13, a P/E/G ratio of 2.23 and a beta of 1.25. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74.

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

Insider Transactions at Jabil

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

Hedge Funds Weigh In On Jabil

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

About Jabil

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).