Jabil (NYSE:JBL) Given New $179.00 Price Target at Barclays

Jabil (NYSE:JBL) had its target price lifted by Barclays from $157.00 to $179.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

JBL has been the topic of a number of other reports. JPMorgan Chase & Co. dropped their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. The Goldman Sachs Group upped their target price on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group lifted their price target on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday. Bank of America increased 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, September 27th. Finally, Stifel Nicolaus restated a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $153.17.

Jabil Stock Performance

NYSE JBL opened at $145.00 on Friday. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. The firm has a market capitalization of $16.20 billion, a P/E ratio of 13.16, a PEG ratio of 1.57 and a beta of 1.25. The stock has a 50-day simple moving average of $130.72 and a two-hundred day simple moving average of $118.12.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter last year, the company earned $2.60 EPS. The business’s revenue was down 16.6% on a year-over-year basis. On average, equities analysts forecast that Jabil will post 7.89 earnings per share for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.22%. The ex-dividend date was Friday, November 15th. Jabil’s payout ratio is currently 2.90%.

Insider Transactions at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total value of $474,800.00. Following the transaction, the executive vice president now directly owns 108,753 shares in the company, valued at approximately $12,908,981.10. This represents a 3.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the transaction, the senior vice president now owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. This represents a 22.07 % 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 quarter. Company insiders own 1.73% of the company’s stock.

Hedge Funds Weigh In On Jabil

Several hedge funds have recently bought and sold shares of JBL. HHM Wealth Advisors LLC purchased a new position in shares of Jabil in the second quarter valued at approximately $28,000. Innealta Capital LLC purchased a new stake in shares of Jabil during the second quarter worth $31,000. Capital Performance Advisors LLP purchased a new stake in shares of Jabil during the third quarter worth $32,000. Family Firm Inc. purchased a new position in Jabil in the second quarter valued at $37,000. Finally, Brooklyn Investment Group acquired a new position in Jabil during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

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).