Stifel Nicolaus Reaffirms “Buy” Rating for Jabil (NYSE:JBL)

Jabil (NYSE:JBL)‘s stock had its “buy” rating reissued by stock analysts at Stifel Nicolaus in a research note issued to investors on Thursday,Benzinga reports. They presently have a $160.00 target price on the technology company’s stock, up from their previous target price of $150.00. Stifel Nicolaus’ price target suggests a potential upside of 10.34% from the company’s current price.

Several other research firms also recently commented on JBL. Barclays upped their price target on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. The Goldman Sachs Group upped their target price on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group raised their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. dropped their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Finally, StockNews.com raised Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $153.17.

Jabil Stock Performance

Shares of JBL stock opened at $145.00 on Thursday. The stock’s 50-day moving average is $130.72 and its two-hundred day moving average is $118.12. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. Jabil has a 1 year low of $95.85 and a 1 year high of $156.94. The firm has a market cap of $16.20 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.57 and a beta of 1.25.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter last year, the business posted $2.60 EPS. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. Analysts predict that Jabil will post 7.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Matthew Crowley sold 1,380 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the sale, the executive vice president now owns 18,568 shares in the company, valued at $2,336,411.44. This trade represents a 6.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total transaction of $474,800.00. Following the transaction, the executive vice president now owns 108,753 shares in the company, valued at $12,908,981.10. The trade was a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,689 shares of company stock worth $5,377,431. Company insiders own 1.73% of the company’s stock.

Hedge Funds Weigh In On Jabil

Several hedge funds have recently bought and sold shares of the company. Foster & Motley Inc. increased its holdings in Jabil by 8.7% during the 3rd quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock valued at $6,252,000 after acquiring an additional 4,181 shares in the last quarter. Nicola Wealth Management LTD. grew its position in shares of Jabil by 54.9% in the third quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock valued at $4,733,000 after purchasing an additional 14,000 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Jabil by 11.8% during the 3rd quarter. Empowered Funds LLC now owns 145,682 shares of the technology company’s stock worth $17,457,000 after purchasing an additional 15,413 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Jabil by 58.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 192,815 shares of the technology company’s stock worth $23,105,000 after purchasing an additional 71,292 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Jabil by 51.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,107 shares of the technology company’s stock worth $2,514,000 after purchasing an additional 7,878 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

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).