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

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

JBL has been the subject of several other research reports. Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Barclays decreased their price objective on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, March 18th. Finally, The Goldman Sachs Group increased their price objective on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $144.50.

Jabil Price Performance

Shares of NYSE:JBL opened at $120.24 on Tuesday. The company has a market cap of $14.50 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 1.27 and a beta of 1.40. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $136.83 and a 200 day simple moving average of $130.95. Jabil has a one year low of $75.48 and a one year high of $156.94.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.01). The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. Research analysts predict that Jabil will post 7.83 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Kenneth S. Wilson sold 15,000 shares of Jabil stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the transaction, the chief executive officer now directly owns 339,725 shares in the company, valued at $45,591,095. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Jabil news, SVP May Yee Yap sold 7,877 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the transaction, the senior vice president now directly owns 29,006 shares in the company, valued at $4,050,687.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kenneth S. Wilson sold 15,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the transaction, the chief executive officer now owns 339,725 shares in the company, valued at $45,591,095. The disclosure for this sale can be found here. Insiders sold 107,177 shares of company stock worth $13,678,039 over the last three months. 2.62% of the stock is currently owned by insiders.

Institutional Trading of Jabil

Institutional investors have recently modified their holdings of the business. Activest Wealth Management bought a new stake in Jabil during the 1st quarter worth approximately $28,000. Alaska Permanent Fund Corp bought a new stake in Jabil during the 4th quarter worth approximately $29,000. Pacific Capital Wealth Advisors Inc. bought a new stake in Jabil during the 4th quarter worth approximately $32,000. Riverview Trust Co bought a new position in shares of Jabil in the 1st quarter worth $33,000. Finally, CVA Family Office LLC bought a new position in shares of Jabil in the 4th quarter worth $36,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

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).