Jabil (NYSE:JBL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Jabil (NYSE:JBL) had its price objective upped by stock analysts at JPMorgan Chase & Co. from $172.00 to $175.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 20.67% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. UBS Group boosted their target price on shares of Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Barclays boosted their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $167.50.

Jabil Stock Performance

NYSE:JBL opened at $145.02 on Friday. Jabil has a twelve month low of $95.85 and a twelve month high of $174.80. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.65 and a beta of 1.19. The firm’s fifty day simple moving average is $155.96 and its 200 day simple moving average is $138.15.

Jabil (NYSE:JBL) last issued 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 net margin of 4.71% and a return on equity of 41.87%. The firm had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the previous year, the business posted $1.68 EPS. The firm’s revenue was down .6% compared to the same quarter last year. As a group, equities research analysts expect that Jabil will post 8.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director John C. Plant sold 50,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the transaction, the director now owns 119,108 shares of the company’s stock, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock worth $12,804,458 over the last quarter. 1.73% of the stock is owned by company insiders.

Institutional Trading of Jabil

A number of large investors have recently added to or reduced their stakes in JBL. SBI Securities Co. Ltd. acquired a new position in Jabil in the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Jabil in the 4th quarter worth approximately $29,000. Millstone Evans Group LLC purchased a new stake in Jabil in the 4th quarter worth approximately $37,000. Brooklyn Investment Group purchased a new stake in Jabil in the 3rd quarter worth approximately $39,000. Finally, First Horizon Advisors Inc. lifted 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 worth $39,000 after buying an additional 130 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

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).