Jabil (NYSE:JBL) Stock Rating Upgraded by StockNews.com

Jabil (NYSE:JBL) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Other equities analysts also recently issued research reports about the stock. Barclays lifted their price objective on shares of Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday. UBS Group raised their target price on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday. The Goldman Sachs Group raised their target price on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. raised their target price on Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and a consensus price target of $167.50.

Jabil Stock Performance

Jabil stock traded up $1.19 during mid-day trading on Friday, reaching $145.02. The company’s stock had a trading volume of 3,299,699 shares, compared to its average volume of 1,391,368. The firm has a market cap of $15.83 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.65 and a beta of 1.19. The business has a 50 day moving average price of $155.96 and a 200-day moving average price of $137.91. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil has a twelve month low of $95.85 and a twelve month high of $174.80.

Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 earnings per share. Sell-side analysts predict that Jabil will post 8.05 EPS for the current fiscal year.

Insider Activity at Jabil

In related news, 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 transaction of $551,718.00. Following the sale, the director now directly owns 12,900 shares in the company, valued at $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the sale, the director now owns 5,900 shares in the company, valued at approximately $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock worth $12,804,458 over the last ninety days. 1.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jabil

Several hedge funds and other institutional investors have recently bought and sold shares of the business. 111 Capital bought a new stake in Jabil in the fourth quarter worth about $940,000. Wealth Enhancement Advisory Services LLC raised its position in Jabil by 68.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 22,318 shares of the technology company’s stock worth $3,212,000 after acquiring an additional 9,039 shares in the last quarter. NorthCrest Asset Manangement LLC raised its position in Jabil by 3.8% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 10,701 shares of the technology company’s stock worth $1,540,000 after acquiring an additional 394 shares in the last quarter. BridgePort Financial Solutions LLC bought a new stake in Jabil in the fourth quarter worth about $618,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Jabil in the fourth quarter worth about $9,123,000. 93.39% of the stock is currently owned by 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).