Jabil (NYSE:JBL) Price Target Raised to $152.00

Jabil (NYSE:JBL) had its target price hoisted by UBS Group from $128.00 to $152.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other analysts have also commented on the company. StockNews.com upgraded Jabil from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Barclays upped their price target on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Stifel Nicolaus lifted their price objective on shares of Jabil from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. 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 report on Friday, September 27th. Finally, The Goldman Sachs Group increased their price objective on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $153.17.

Jabil Trading Up 3.2 %

NYSE JBL opened at $145.00 on Thursday. Jabil has a one year low of $95.85 and a one year high of $156.94. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. The firm has a market cap of $16.20 billion, a P/E ratio of 13.16, a P/E/G ratio of 1.57 and a beta of 1.25. The stock’s 50-day moving average is $131.14 and its 200-day moving average is $118.31.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating 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 firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same quarter in the previous year, the firm posted $2.60 earnings per share. The business’s revenue was down 16.6% on a year-over-year basis. Sell-side analysts anticipate that Jabil will post 7.89 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Friday, November 15th. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Insider Activity

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the sale, the director now owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This trade represents a 12.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Matthew Crowley sold 1,380 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $125.83, for a total transaction of $173,645.40. Following the completion of the transaction, the executive vice president now owns 18,568 shares in the company, valued at approximately $2,336,411.44. This represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,689 shares of company stock valued at $5,377,431 over the last three months. Insiders own 1.73% of the company’s stock.

Hedge Funds Weigh In On Jabil

Several institutional investors and hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in Jabil by 12,251.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock valued at $264,391,000 after purchasing an additional 2,188,521 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Jabil in the second quarter valued at about $78,660,000. AQR Capital Management LLC raised its stake in Jabil by 195.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock worth $115,404,000 after purchasing an additional 702,199 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of Jabil by 406.5% during the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock worth $86,613,000 after purchasing an additional 580,100 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Jabil by 11.3% during the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after purchasing an additional 520,672 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Company Profile

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).