UBS Group Issues Positive Forecast for Jabil (NYSE:JBL) Stock Price

Jabil (NYSE:JBL) had its target price raised by analysts at UBS Group from $152.00 to $157.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. UBS Group’s price target points to a potential upside of 9.97% from the stock’s current price.

JBL has been the subject of a number of other reports. The Goldman Sachs Group boosted their target price on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays lifted their price objective on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Finally, StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.67.

Jabil Stock Performance

Shares of JBL stock traded down $1.07 during mid-day trading on Friday, reaching $142.77. The stock had a trading volume of 446,524 shares, compared to its average volume of 1,380,889. Jabil has a 1-year low of $95.85 and a 1-year high of $174.80. The firm has a market cap of $15.59 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.65 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The business’s fifty day moving average is $156.14 and its 200-day moving average is $137.66.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the prior year, the company earned $1.68 EPS. Jabil’s quarterly revenue was down .6% on a year-over-year basis. On average, research analysts forecast that Jabil will post 8.05 earnings per share for the current year.

Insider Activity at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the transaction, the executive vice president now owns 138,472 shares in the company, valued at $20,744,490.32. The trade was a 2.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the transaction, the director now owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 in the last 90 days. Corporate insiders own 1.73% of the company’s stock.

Institutional Investors Weigh In On Jabil

Several institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in Jabil by 70,781.4% in the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock worth $835,876,000 after buying an additional 5,800,535 shares during the last quarter. FMR LLC boosted its holdings in Jabil by 8.1% in the 4th quarter. FMR LLC now owns 5,533,149 shares of the technology company’s stock worth $796,220,000 after buying an additional 416,841 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Jabil by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,810,519 shares of the technology company’s stock worth $404,024,000 after buying an additional 34,574 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Jabil by 18.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company’s stock worth $270,187,000 after buying an additional 288,806 shares during the last quarter. Finally, Norges Bank acquired a new stake in Jabil in the 4th quarter worth about $218,430,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

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).