Stifel Nicolaus Boosts Jabil (NYSE:JBL) Price Target to $140.00

Jabil (NYSE:JBL) had its price target upped by Stifel Nicolaus from $130.00 to $140.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

JBL has been the topic of a number of other research reports. Barclays dropped their target price on Jabil from $149.00 to $135.00 and set an overweight rating on the stock in a report on Friday, June 21st. JPMorgan Chase & Co. dropped their target price on Jabil from $137.00 to $133.00 and set an overweight rating on the stock in a report on Tuesday, September 3rd. Bank of America upped their target price on Jabil from $135.00 to $150.00 and gave the company a buy rating in a report on Friday. Finally, UBS Group dropped their target price on Jabil from $130.00 to $120.00 and set a neutral rating on the stock in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $145.86.

Jabil Price Performance

JBL stock opened at $122.34 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26. Jabil has a one year low of $95.85 and a one year high of $156.94. The firm has a market capitalization of $13.88 billion, a PE ratio of 11.13, a P/E/G ratio of 2.23 and a beta of 1.25. The firm has a 50-day moving average of $107.42 and a two-hundred day moving average of $116.27.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.59 billion. During the same period in the prior year, the firm earned $2.34 earnings per share. The business’s quarterly revenue was down 17.7% on a year-over-year basis. On average, analysts forecast that Jabil will post 7.85 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were issued a $0.08 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. Jabil’s dividend payout ratio is currently 2.91%.

Insider Buying and Selling

In related news, SVP May Yee Yap sold 4,274 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total value of $500,228.96. Following the transaction, the senior vice president now owns 24,829 shares in the company, valued at $2,905,986.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Jabil news, SVP May Yee Yap sold 4,274 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was 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 in the company, valued at $2,905,986.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Frederic E. Mccoy sold 1,250 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 112,753 shares in the company, valued at approximately $13,126,704.26. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jabil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Jabil by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company’s stock valued at $1,919,948,000 after purchasing an additional 1,427,429 shares during the last quarter. Primecap Management Co. CA increased its position in Jabil by 3.0% during the second quarter. Primecap Management Co. CA now owns 3,682,875 shares of the technology company’s stock worth $400,660,000 after acquiring an additional 107,800 shares during the period. Dimensional Fund Advisors LP increased its position in Jabil by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,636,737 shares of the technology company’s stock worth $178,058,000 after acquiring an additional 106,808 shares during the period. Bank of New York Mellon Corp increased its position in Jabil by 29.0% during the second quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock worth $150,463,000 after acquiring an additional 310,590 shares during the period. Finally, AQR Capital Management LLC increased its position in Jabil by 195.8% during the second quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock worth $115,404,000 after acquiring an additional 702,199 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

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).