Jabil (NYSE:JBL) PT Raised to $90.00

Jabil (NYSE:JBL – Get Rating) had its price objective raised by analysts at The Goldman Sachs Group from $80.00 to $90.00 in a report released on Friday, The Fly reports. The brokerage presently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s target price points to a potential upside of 13.98% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Credit Suisse Group upped their price target on shares of Jabil from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, February 21st. UBS Group started coverage on Jabil in a research note on Tuesday, December 13th. They set a “neutral” rating and a $76.00 price target on the stock. Citigroup upped their price objective on Jabil from $80.00 to $85.00 in a research note on Friday, December 16th. Raymond James lifted their target price on shares of Jabil from $84.00 to $100.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, March 14th. Finally, StockNews.com started coverage on shares of Jabil in a research report on Thursday. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Jabil currently has a consensus rating of “Buy” and an average target price of $92.20.

Jabil Stock Performance

Jabil stock opened at $78.96 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.02 and a debt-to-equity ratio of 1.02. The stock has a market cap of $10.52 billion, a PE ratio of 11.46, a P/E/G ratio of 0.86 and a beta of 1.43. Jabil has a 12-month low of $48.80 and a 12-month high of $85.70. The business’s 50-day moving average price is $81.00 and its two-hundred day moving average price is $70.18.

Jabil (NYSE:JBL – Get Rating) last announced its quarterly earnings results on Thursday, December 15th. The technology company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.28). The company had revenue of $9.64 billion for the quarter, compared to the consensus estimate of $9.28 billion. Jabil had a net margin of 2.83% and a return on equity of 40.43%. As a group, analysts expect that Jabil will post 7.81 earnings per share for the current fiscal year.

Insider Transactions at Jabil

In other news, CFO Michael Dastoor sold 57,791 shares of the business’s stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $74.44, for a total value of $4,301,962.04. Following the transaction, the chief financial officer now directly owns 191,607 shares of the company’s stock, valued at approximately $14,263,225.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Michael Dastoor sold 57,791 shares of the business’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $74.44, for a total transaction of $4,301,962.04. Following the transaction, the chief financial officer now owns 191,607 shares in the company, valued at approximately $14,263,225.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Francis Mckay sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $75.00, for a total transaction of $112,500.00. Following the completion of the sale, the senior vice president now owns 52,281 shares of the company’s stock, valued at $3,921,075. The disclosure for this sale can be found here. Insiders sold a total of 197,562 shares of company stock worth $14,936,641 over the last three months. 2.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jabil

Several hedge funds and other institutional investors have recently made changes to their positions in JBL. Cetera Advisor Networks LLC lifted its stake in Jabil by 4.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 3,989 shares of the technology company’s stock valued at $246,000 after acquiring an additional 180 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Jabil during the first quarter valued at about $399,000. Great West Life Assurance Co. Can boosted its holdings in Jabil by 10.5% during the first quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company’s stock worth $5,312,000 after purchasing an additional 7,933 shares during the last quarter. Sei Investments Co. increased its stake in Jabil by 58.6% in the 1st quarter. Sei Investments Co. now owns 382,918 shares of the technology company’s stock valued at $23,633,000 after buying an additional 141,511 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Jabil by 656.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 21,700 shares of the technology company’s stock worth $1,340,000 after buying an additional 18,832 shares in the last quarter. 88.45% of the stock is owned by institutional investors.

Jabil Company Profile

(Get Rating)

Jabil, Inc engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries.