Barclays Boosts Jabil (NYSE:JBL) Price Target to $157.00

Jabil (NYSE:JBL) had its target price lifted by Barclays from $135.00 to $157.00 in a research report sent to investors on Friday, Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

JBL has been the subject of a number of other research reports. UBS Group reduced their price target on Jabil from $130.00 to $120.00 and set a neutral rating for the company in a research report on Friday, June 21st. Stifel Nicolaus upped their price objective on shares of Jabil from $130.00 to $140.00 and gave the stock a buy rating in a report on Friday. Bank of America raised their target price on shares of Jabil from $135.00 to $150.00 and gave the company a buy rating in a research note on Friday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Jabil from $137.00 to $133.00 and set an overweight rating for the company in a report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $145.86.

Jabil Stock Down 2.1 %

Jabil stock opened at $119.83 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. Jabil has a one year low of $95.85 and a one year high of $156.94. The company has a 50-day simple moving average of $107.55 and a 200-day simple moving average of $116.07. The firm has a market capitalization of $13.59 billion, a P/E ratio of 10.90, a P/E/G ratio of 2.23 and a beta of 1.25.

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

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were issued a $0.08 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. Jabil’s payout ratio is currently 2.91%.

Insider Buying and Selling

In related news, EVP Frederic E. Mccoy sold 1,250 shares of Jabil 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 transaction, the executive vice president now directly owns 112,753 shares in the company, valued at approximately $13,126,704.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were 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 owns 112,753 shares in the company, valued at approximately $13,126,704.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP May Yee Yap sold 4,274 shares of Jabil 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 transaction, the senior vice president now owns 24,829 shares in the company, valued at $2,905,986.16. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its stake in shares of Jabil by 13.0% in the 4th quarter. Wells Fargo & Company MN now owns 154,314 shares of the technology company’s stock valued at $19,660,000 after buying an additional 17,766 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Jabil by 3.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 15,874 shares of the technology company’s stock worth $2,022,000 after purchasing an additional 563 shares during the last quarter. US Bancorp DE lifted its stake in shares of Jabil by 40.9% in the fourth quarter. US Bancorp DE now owns 14,387 shares of the technology company’s stock worth $1,833,000 after buying an additional 4,176 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Jabil by 197.9% during the fourth quarter. Hsbc Holdings PLC now owns 88,436 shares of the technology company’s stock valued at $11,268,000 after acquiring an additional 58,752 shares during the period. Finally, TD Asset Management Inc boosted its stake in Jabil by 443.5% during the 4th quarter. TD Asset Management Inc now owns 42,233 shares of the technology company’s stock valued at $5,380,000 after purchasing an additional 34,463 shares during the period. 93.39% of the stock is owned by hedge funds and other 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).