Jabil (NYSE:JBL) Given New $145.00 Price Target at The Goldman Sachs Group

Jabil (NYSE:JBL) had its price objective lifted by equities research analysts at The Goldman Sachs Group from $136.00 to $145.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s target price would indicate a potential downside of 1.77% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. dropped their price objective on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. StockNews.com upgraded Jabil from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Bank of America lifted their target price on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Barclays raised their price target on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, Stifel Nicolaus raised their target price on shares of Jabil from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $142.50.

Jabil Trading Up 10.2 %

JBL traded up $13.66 during trading on Wednesday, hitting $147.62. 672,278 shares of the company’s stock were exchanged, compared to its average volume of 1,412,066. Jabil has a 1 year low of $95.85 and a 1 year high of $156.94. The stock has a 50 day moving average price of $129.98 and a 200 day moving average price of $117.78. The firm has a market cap of $16.49 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same period in the previous year, the company posted $2.60 EPS. Jabil’s revenue for the quarter was down 16.6% on a year-over-year basis. As a group, analysts expect that Jabil will post 7.89 EPS for the current fiscal year.

Insider Activity

In related news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total value of $2,494,000.00. Following the transaction, the director now owns 139,108 shares in the company, valued at approximately $17,346,767.60. This represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Francis Mckay sold 11,755 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the sale, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at $5,051,816.97. This represents a 22.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,689 shares of company stock worth $5,377,431 over the last quarter. Corporate insiders own 1.73% of the company’s stock.

Institutional Investors Weigh In On Jabil

Several institutional investors and hedge funds have recently modified their holdings of the business. HHM Wealth Advisors LLC bought a new stake in shares of Jabil during the second quarter valued at approximately $28,000. Innealta Capital LLC acquired a new stake in shares of Jabil during the 2nd quarter valued at about $31,000. Capital Performance Advisors LLP bought a new stake in Jabil in the third quarter valued at about $32,000. Family Firm Inc. acquired a new position in Jabil in the second quarter worth about $37,000. Finally, Brooklyn Investment Group acquired a new position in Jabil in the third quarter worth about $39,000. 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).