Jabil (NYSE:JBL) Price Target Cut to $130.00

Jabil (NYSE:JBL) had its price objective dropped by Stifel Nicolaus from $135.00 to $130.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 20.54% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Barclays lowered their price objective on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Bank of America decreased their target price on shares of Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a report on Friday, June 21st. JPMorgan Chase & Co. decreased their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Finally, UBS Group decreased their target price on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $139.88.

Jabil Stock Up 1.0 %

Jabil stock opened at $107.85 on Tuesday. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 1.75 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26. The company’s 50-day moving average price is $107.29 and its two-hundred day moving average price is $118.27. Jabil has a 52 week low of $95.85 and a 52 week high of $156.94.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, June 20th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.04. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.53 billion. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The business’s revenue was down 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 EPS. On average, analysts expect that Jabil will post 7.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other Jabil news, SVP May Yee Yap sold 4,274 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following the completion of the sale, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at $2,905,986.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Frederic E. Mccoy sold 1,250 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the sale, the executive vice president now directly owns 112,753 shares in the company, valued at $13,126,704.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP May Yee Yap sold 4,274 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total transaction of $500,228.96. Following the transaction, the senior vice president now owns 24,829 shares of the company’s stock, valued at $2,905,986.16. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Jabil

Large investors have recently bought and sold shares of the stock. Heritage Wealth Management Inc. bought a new stake in Jabil in the 2nd quarter valued at $258,000. Sanctuary Advisors LLC bought a new stake in shares of Jabil in the 2nd quarter worth about $5,385,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Jabil by 3.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 334,495 shares of the technology company’s stock worth $36,390,000 after purchasing an additional 11,784 shares during the last quarter. Delphi Management Inc. MA grew its holdings in shares of Jabil by 3.7% in the 2nd quarter. Delphi Management Inc. MA now owns 12,586 shares of the technology company’s stock worth $1,369,000 after purchasing an additional 449 shares during the last quarter. Finally, Quarry LP bought a new stake in Jabil during the 2nd quarter worth about $70,000. 93.39% of the stock is currently 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).