Barclays Boosts Jabil (NYSE:JBL) Price Target to $184.00

Jabil (NYSE:JBL) had its price objective boosted by Barclays from $179.00 to $184.00 in a research note issued to investors on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

A number of other equities analysts also recently commented on JBL. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. UBS Group lifted their price objective on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group raised their target price on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. raised their target price on Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $167.50.

Jabil Stock Performance

NYSE JBL opened at $145.02 on Friday. Jabil has a 1-year low of $95.85 and a 1-year high of $174.80. The company has a market cap of $15.83 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. 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 stock’s 50 day simple moving average is $155.96 and its 200-day simple moving average is $138.39.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter last year, the business posted $1.68 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. As a group, equities research analysts anticipate that Jabil will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.08 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. Jabil’s payout ratio is presently 3.07%.

Insider Activity

In other news, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the sale, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction on Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the sale, the director now directly owns 5,900 shares of the company’s stock, valued at $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,400 shares of company stock valued at $12,804,458. 1.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of JBL. Wellington Management Group LLP grew its stake in Jabil by 70,781.4% during the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock worth $835,876,000 after purchasing an additional 5,800,535 shares in the last quarter. Norges Bank acquired a new position in Jabil during the 4th quarter worth $218,430,000. Point72 Asset Management L.P. grew its stake in Jabil by 1,007.6% during the 4th quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company’s stock worth $138,954,000 after purchasing an additional 878,444 shares in the last quarter. Two Sigma Advisers LP grew its stake in Jabil by 406.5% during the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock worth $86,613,000 after purchasing an additional 580,100 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Jabil by 16,190.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company’s stock worth $79,539,000 after purchasing an additional 549,347 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

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).