Jabil (NYSE:JBL) Upgraded at StockNews.com

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

A number of other analysts have also recently commented on JBL. Barclays lifted their price objective on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Bank of America raised their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. UBS Group boosted their price target on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Finally, The Goldman Sachs Group raised their price objective on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $153.17.

Jabil Stock Up 0.7 %

Shares of NYSE JBL opened at $162.94 on Tuesday. The firm’s 50-day moving average is $141.29 and its two-hundred day moving average is $123.72. The company has a market capitalization of $18.20 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.61 and a beta of 1.23. Jabil has a 12-month low of $95.85 and a 12-month high of $164.25. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The firm had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.60 EPS. Equities analysts anticipate that Jabil will post 8.02 EPS for the current fiscal year.

Insider Activity at Jabil

In related news, EVP Frederic E. Mccoy sold 4,283 shares of Jabil stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $122.28, for a total transaction of $523,725.24. Following the transaction, the executive vice president now owns 142,472 shares in the company, valued at approximately $17,421,476.16. The trade was a 2.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the sale, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. This trade represents a 22.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,038 shares of company stock worth $8,073,666. 1.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of JBL. Lifestyle Asset Management Inc. raised its holdings in shares of Jabil by 1.0% during the 4th quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company’s stock valued at $1,384,000 after buying an additional 95 shares during the period. Whalen Wealth Management Inc. purchased a new stake in shares of Jabil during the fourth quarter valued at approximately $263,000. Avior Wealth Management LLC lifted its position in shares of Jabil by 1,635.8% during the fourth quarter. Avior Wealth Management LLC now owns 1,840 shares of the technology company’s stock worth $265,000 after purchasing an additional 1,734 shares in the last quarter. Advisory Alpha LLC lifted its position in shares of Jabil by 33.3% during the fourth quarter. Advisory Alpha LLC now owns 2,903 shares of the technology company’s stock worth $418,000 after purchasing an additional 725 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Jabil by 15.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 36,776 shares of the technology company’s stock valued at $5,292,000 after purchasing an additional 4,978 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

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).