Jabil (NYSE:JBL) PT Lowered to $130.00

Jabil (NYSE:JBL) had its target price lowered by Stifel Nicolaus from $135.00 to $130.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 22.97% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Barclays dropped their price objective on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, June 21st. Bank of America dropped their price target on shares of Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, June 21st. JPMorgan Chase & Co. cut their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Finally, UBS Group lowered their price objective on Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Two investment 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 data from MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and an average target price of $139.88.

Jabil Stock Down 0.2 %

JBL stock opened at $105.72 on Tuesday. Jabil has a twelve month low of $95.85 and a twelve month high of $156.94. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 1.26. The company has a market cap of $11.99 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. The business’s 50-day simple moving average is $107.35 and its 200 day simple moving average is $118.55.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, June 20th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.53 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. Jabil’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.85 EPS. On average, research analysts anticipate that Jabil will post 7.86 earnings per share for the current year.

Insider Transactions at Jabil

In related news, EVP Frederic E. Mccoy sold 1,250 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Frederic E. Mccoy sold 1,250 shares of the stock in a transaction 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 $13,126,704.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP May Yee Yap sold 4,274 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following the completion of the sale, the senior vice president now owns 24,829 shares of the company’s stock, valued at $2,905,986.16. The disclosure for this sale can be found here. 2.62% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jabil

Large investors have recently modified their holdings of the stock. Benjamin Edwards Inc. bought a new position in Jabil in the 1st quarter worth approximately $25,000. HHM Wealth Advisors LLC acquired a new stake in shares of Jabil in the 2nd quarter valued at $28,000. ORG Partners LLC bought a new stake in shares of Jabil during the first quarter worth $29,000. Innealta Capital LLC acquired a new position in shares of Jabil during the second quarter valued at $31,000. Finally, Riverview Trust Co acquired a new position in shares of Jabil during the first quarter valued at $33,000. 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).