Barclays Issues Positive Forecast for Jabil (NYSE:JBL) Stock Price

Jabil (NYSE:JBL) had its price target lifted by analysts at Barclays from $184.00 to $206.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Barclays‘s price target would indicate a potential upside of 15.32% from the company’s current price.

JBL has been the subject of several other reports. UBS Group increased their price target on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. reduced their price target on Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Wall Street Zen raised Jabil from a “hold” rating to a “buy” rating in a research report on Monday, May 19th. Finally, The Goldman Sachs Group cut their price objective on Jabil from $175.00 to $146.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.17.

Jabil Stock Performance

Shares of NYSE JBL opened at $178.63 on Tuesday. The stock has a 50 day moving average price of $153.27 and a 200 day moving average price of $150.15. Jabil has a 52 week low of $95.85 and a 52 week high of $180.11. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The stock has a market capitalization of $19.17 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.65 and a beta of 1.14.

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

Insider Activity

In related news, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the sale, the chairman now directly owns 1,730,192 shares of the company’s stock, valued at approximately $227,624,059.52. This trade represents a 1.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Dastoor sold 10,000 shares of Jabil stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total value of $1,699,000.00. Following the sale, the chief executive officer now directly owns 221,693 shares of the company’s stock, valued at approximately $37,665,640.70. The trade was a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock valued at $7,665,200 over the last three months. Insiders own 1.73% of the company’s stock.

Institutional Trading of Jabil

Several hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Jabil during the 4th quarter worth $27,000. Creative Financial Designs Inc. ADV bought a new position in Jabil during the 1st quarter worth $27,000. Murphy & Mullick Capital Management Corp bought a new position in Jabil during the 4th quarter worth $29,000. Harbor Capital Advisors Inc. increased its stake in Jabil by 110.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock worth $30,000 after acquiring an additional 116 shares during the period. Finally, Groupe la Francaise increased its stake in Jabil by 35.2% during the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock worth $34,000 after acquiring an additional 64 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

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).