Jabil (NYSE:JBL) Price Target Raised to $215.00

Jabil (NYSE:JBL) had its target price upped by The Goldman Sachs Group from $188.00 to $215.00 in a research note issued to investors on Wednesday morning, Marketbeat reports. They currently have a buy rating on the technology company’s stock.

Other analysts have also recently issued reports about the stock. Barclays boosted their price objective on shares of Jabil from $206.00 to $223.00 and gave the stock an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Jabil from $180.00 to $214.00 and gave the stock an “overweight” rating in a research note on Wednesday. Argus upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research note on Wednesday. UBS Group boosted their price objective on shares of Jabil from $157.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Wall Street Zen upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research note on Monday, May 19th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Jabil has an average rating of “Buy” and a consensus price target of $200.00.

Jabil Price Performance

NYSE JBL opened at $204.43 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $21.94 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 1.90 and a beta of 1.14. The company has a 50 day moving average price of $159.27 and a two-hundred day moving average price of $152.00. Jabil has a 12-month low of $95.85 and a 12-month high of $207.10.

Jabil (NYSE:JBL) last posted its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.27. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The firm had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same period in the previous year, the company earned $1.89 earnings per share. The company’s revenue was up 15.7% compared to the same quarter last year. As a group, equities analysts predict that Jabil will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend was Thursday, May 15th. Jabil’s dividend payout ratio (DPR) is currently 6.21%.

Insider Buying and Selling

In other Jabil news, CEO Michael Dastoor sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were 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 owns 221,693 shares of the company’s stock, valued at $37,665,640.70. The trade was a 4.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the business’s stock in a transaction on Friday, April 11th. The shares were 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 in the company, valued at $227,624,059.52. This trade represents a 1.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,000 shares of company stock valued at $7,665,200. 1.73% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jabil

Institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in shares of Jabil in the 4th quarter worth about $27,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Jabil in the 1st quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Jabil in the 4th quarter worth about $29,000. Harbor Capital Advisors Inc. grew its holdings in shares of Jabil by 110.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock worth $30,000 after purchasing an additional 116 shares during the last quarter. Finally, Groupe la Francaise grew its holdings in shares of Jabil by 35.2% in the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock worth $34,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

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).