Brokerages Set Jabil Inc. (NYSE:JBL) Price Target at $153.17

Jabil Inc. (NYSE:JBL) has earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $153.17.

A number of equities research analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday. Barclays raised their target price on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Finally, Bank of America raised their price objective on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th.

Insider Buying and Selling

In related news, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the transaction, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at $5,051,816.97. The trade was a 22.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the transaction, the director now owns 119,108 shares in the company, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,038 shares of company stock valued at $5,579,666 over the last ninety days. 1.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jabil

Several hedge funds and other institutional investors have recently bought and sold shares of JBL. Greenleaf Trust boosted its position in Jabil by 1.3% in the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock worth $816,000 after purchasing an additional 72 shares during the last quarter. Resonant Capital Advisors LLC increased its position in shares of Jabil by 3.3% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock valued at $365,000 after purchasing an additional 80 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Jabil by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock valued at $195,000 after purchasing an additional 90 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Jabil by 2.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock valued at $387,000 after purchasing an additional 91 shares during the last quarter. Finally, Lifestyle Asset Management Inc. increased its holdings in Jabil by 1.0% during the fourth quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company’s stock worth $1,384,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Performance

Shares of NYSE:JBL opened at $173.26 on Friday. Jabil has a 1 year low of $95.85 and a 1 year high of $174.80. The stock has a market capitalization of $18.92 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.68 and a beta of 1.23. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The company’s 50 day simple moving average is $144.48 and its 200 day simple moving average is $125.22.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. During the same period in the prior year, the company earned $2.60 earnings per share. The company’s quarterly revenue was down 16.6% on a year-over-year basis. As a group, research analysts predict that Jabil will post 8.03 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.18%. The ex-dividend date is Tuesday, February 18th. Jabil’s payout ratio is presently 3.07%.

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).