Jabil (NYSE:JBL) Upgraded at StockNews.com

StockNews.com upgraded shares of Jabil (NYSE:JBL) from a hold rating to a buy rating in a research note published on Tuesday morning.

Several other equities analysts also recently weighed in on the stock. Bank of America raised their target price on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. 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 note on Thursday, December 19th. Barclays increased their price target on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. UBS Group boosted their target price on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Finally, The Goldman Sachs Group upped their price target on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $153.17.

Jabil Trading Up 1.4 %

Shares of Jabil stock opened at $171.37 on Tuesday. 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 has a market capitalization of $18.71 billion, a P/E ratio of 16.43, a PEG ratio of 1.76 and a beta of 1.23. Jabil has a 1 year low of $95.85 and a 1 year high of $171.55. The company’s fifty day moving average is $143.58 and its two-hundred day moving average is $124.78.

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. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business’s revenue was down 16.6% on a year-over-year basis. During the same quarter last year, the company posted $2.60 earnings per share. Analysts forecast that Jabil will post 8.03 earnings per share for the current year.

Insider Buying and Selling at Jabil

In other news, EVP Frederic E. Mccoy sold 4,283 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $122.28, for a total transaction of $523,725.24. Following the completion of the transaction, the executive vice president now owns 142,472 shares of the company’s stock, valued at approximately $17,421,476.16. This represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction 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 sale, the director now directly owns 119,108 shares in the company, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,038 shares of company stock valued at $5,579,666 in the last 90 days. 1.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of JBL. Capital Performance Advisors LLP bought a new position in Jabil in the third quarter valued at about $32,000. Brooklyn Investment Group bought a new position in Jabil during the 3rd quarter worth about $39,000. Matrix Trust Co raised its position in Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after buying an additional 214 shares during the last quarter. Armstrong Advisory Group Inc. boosted its position in Jabil by 114.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after acquiring an additional 228 shares during the last quarter. Finally, Sound Income Strategies LLC grew its stake in shares of Jabil by 945.7% during the 3rd quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock worth $58,000 after acquiring an additional 435 shares in the last quarter. Institutional investors 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).