Jabil (NYSE:JBL) Stock Price Expected to Rise, Barclays Analyst Says

Jabil (NYSE:JBL) had its target price boosted by Barclays from $184.00 to $206.00 in a report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

JBL has been the topic of several other research reports. Wall Street Zen raised Jabil from a “hold” rating to a “buy” rating in a report on Monday, May 19th. UBS Group upped their price objective on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. The Goldman Sachs Group reduced their price objective on Jabil from $175.00 to $146.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. reduced their price objective on Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Jabil has a consensus rating of “Moderate Buy” and an average target price of $169.17.

Jabil Price Performance

NYSE:JBL opened at $178.10 on Tuesday. The firm has a market cap of $19.12 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 1.65 and a beta of 1.14. Jabil has a 12 month low of $95.85 and a 12 month high of $180.11. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company’s 50-day moving average price is $152.04 and its two-hundred day moving average price is $149.95.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (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 company had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period in the prior year, the business earned $1.68 earnings per share. Jabil’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts anticipate that Jabil will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were issued a $0.08 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.18%. Jabil’s dividend payout ratio is currently 7.66%.

Insider Activity at Jabil

In related news, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total value of $1,699,000.00. Following the transaction, the chief executive officer now directly owns 221,693 shares in the company, valued at $37,665,640.70. This represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $166.75, for a total transaction of $3,335,000.00. Following the completion of the transaction, the chairman now owns 1,710,192 shares in the company, valued at $285,174,516. This represents a 1.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $7,665,200 over the last ninety days. Company insiders own 1.73% of the company’s stock.

Institutional Investors Weigh In On Jabil

Large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Jabil in the fourth quarter valued at approximately $27,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Jabil in the 1st quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Jabil in the 4th quarter valued at $29,000. Harbor Capital Advisors Inc. increased its position in shares of Jabil by 110.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock valued at $30,000 after buying an additional 116 shares in the last quarter. Finally, Groupe la Francaise increased its position in shares of Jabil by 35.2% in the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock valued at $34,000 after buying an additional 64 shares in the last quarter. Institutional investors 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).