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

Jabil (NYSE:JBL) had its price target boosted by research analysts at Barclays from $179.00 to $184.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Barclays‘s price target would indicate a potential upside of 26.88% from the company’s previous close.

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

Jabil Trading Up 0.8 %

JBL stock opened at $145.02 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The company’s 50-day simple moving average is $155.96 and its 200 day simple moving average is $138.15. Jabil has a 52 week low of $95.85 and a 52 week high of $174.80. The company has a market capitalization 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.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 earnings per share. As a group, sell-side analysts anticipate that Jabil will post 8.05 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the sale, the executive vice president now owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is currently owned by insiders.

Institutional Trading of Jabil

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Jabil during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Jabil in the 4th quarter valued at $29,000. Millstone Evans Group LLC acquired a new stake in Jabil in the 4th quarter valued at $37,000. First Horizon Advisors Inc. grew its position in Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after purchasing an additional 130 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Jabil by 113.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock valued at $43,000 after purchasing an additional 158 shares during the period. Institutional investors and hedge funds 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).