Jabil (NYSE:JBL) Rating Increased to Strong-Buy at StockNews.com

Jabil (NYSE:JBL) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Bank of America lifted their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Stifel Nicolaus upped their price target on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Barclays lifted their price objective on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and an average target price of $143.50.

Jabil Stock Up 0.5 %

Jabil stock opened at $133.33 on Wednesday. The company has a market capitalization of $15.05 billion, a P/E ratio of 12.10, a P/E/G ratio of 1.58 and a beta of 1.24. Jabil has a 1-year low of $95.85 and a 1-year high of $156.94. The firm’s fifty day simple moving average is $125.42 and its 200-day simple moving average is $116.15. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The business’s revenue was down 17.7% compared to the same quarter last year. During the same period last year, the company earned $2.34 earnings per share. Sell-side analysts forecast that Jabil will post 7.84 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the transaction, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. This trade represents a 22.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were 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 directly owns 139,108 shares in the company, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,689 shares of company stock valued at $5,377,431. Insiders own 2.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC bought a new position in shares of Jabil during the 2nd quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new position in shares of Jabil during the third quarter valued at $32,000. Innealta Capital LLC acquired a new stake in shares of Jabil in the 2nd quarter valued at $31,000. Brooklyn Investment Group bought a new stake in shares of Jabil in the 3rd quarter worth about $39,000. Finally, Family Firm Inc. acquired a new stake in shares of Jabil during the 2nd quarter worth about $37,000. Institutional investors 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).