Stifel Nicolaus Trims Jabil (NYSE:JBL) Target Price to $130.00

Jabil (NYSE:JBL) had its price target decreased by Stifel Nicolaus from $135.00 to $130.00 in a research report report published on Tuesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company’s stock.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. lowered 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. UBS Group dropped their target price on shares of Jabil from $130.00 to $120.00 and set a neutral rating on the stock in a research report on Friday, June 21st. Barclays decreased their price objective on shares of Jabil from $149.00 to $135.00 and set an overweight rating for the company in a research note on Friday, June 21st. Finally, Bank of America reduced their target price on Jabil from $150.00 to $135.00 and set a buy rating for the company in a report on Friday, June 21st. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Jabil currently has a consensus rating of Moderate Buy and a consensus price target of $139.88.

Jabil Stock Up 2.8 %

JBL stock opened at $113.96 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 1.26. The firm’s 50-day simple moving average is $107.10 and its 200 day simple moving average is $118.14. The stock has a market cap of $12.93 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $156.94.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.53 billion. During the same period in the prior year, the business posted $1.85 EPS. The business’s revenue for the quarter was down 20.2% compared to the same quarter last year. As a group, sell-side analysts predict that Jabil will post 7.86 EPS for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. Jabil’s payout ratio is 2.91%.

Insider Buying and Selling

In related news, EVP Frederic E. Mccoy sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the transaction, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP May Yee Yap sold 4,274 shares of the business’s stock in a transaction dated 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 directly owns 24,829 shares in the company, valued at $2,905,986.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Frederic E. Mccoy sold 1,250 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total transaction of $145,525.00. Following the completion of the transaction, the executive vice president now directly owns 112,753 shares of the company’s stock, 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.

Institutional Trading of Jabil

Institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $192,964,000. Vanguard Group Inc. increased its stake in Jabil by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company’s stock worth $1,919,948,000 after purchasing an additional 1,427,429 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Jabil in the 2nd quarter valued at $78,660,000. AQR Capital Management LLC lifted its stake in Jabil by 195.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock valued at $115,404,000 after acquiring an additional 702,199 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its position in Jabil by 36.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,339,559 shares of the technology company’s stock valued at $170,660,000 after purchasing an additional 359,818 shares in the last quarter. 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).