Barclays Boosts Jabil (NYSE:JBL) Price Target to $304.00

Jabil (NYSE:JBLGet Free Report) had its price objective raised by stock analysts at Barclays from $283.00 to $304.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Barclays‘s price objective would suggest a potential upside of 14.71% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Raymond James Financial restated a “strong-buy” rating on shares of Jabil in a research note on Thursday, December 18th. Bank of America set a $265.00 price objective on Jabil in a research note on Thursday, December 18th. Zacks Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Wall Street Zen downgraded Jabil from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Finally, Robert W. Baird initiated coverage on Jabil in a research note on Thursday, March 12th. They issued an “outperform” rating and a $275.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $283.25.

Read Our Latest Stock Report on JBL

Jabil Price Performance

Shares of NYSE:JBL opened at $265.01 on Wednesday. The company has a market capitalization of $27.98 billion, a P/E ratio of 35.57, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22. The company’s 50-day moving average is $252.46 and its 200 day moving average is $227.86. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.67 and a current ratio of 1.01. Jabil has a fifty-two week low of $108.66 and a fifty-two week high of $281.37.

Jabil (NYSE:JBLGet Free Report) last posted its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.18. The business had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.94 earnings per share. On average, equities research analysts forecast that Jabil will post 8.05 earnings per share for the current year.

Insiders Place Their Bets

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $236.25, for a total transaction of $4,725,000.00. Following the sale, the chairman owned 1,151,459 shares of the company’s stock, valued at $272,032,188.75. The trade was a 1.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anousheh Ansari sold 500 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $252.00, for a total value of $126,000.00. Following the sale, the director owned 33,900 shares in the company, valued at approximately $8,542,800. This represents a 1.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 88,018 shares of company stock worth $21,347,051 in the last three months. Insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Greenline Wealth Management LLC purchased a new stake in shares of Jabil in the fourth quarter worth about $28,000. First Horizon Corp bought a new stake in Jabil during the 3rd quarter worth approximately $30,000. True Wealth Design LLC lifted its stake in Jabil by 250.0% in the 3rd quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock worth $30,000 after purchasing an additional 100 shares in the last quarter. Virtus Advisers LLC purchased a new stake in Jabil in the 4th quarter worth approximately $32,000. Finally, Traub Capital Management LLC bought a new position in Jabil in the 2nd quarter valued at $33,000. Institutional investors own 93.39% of the company’s stock.

Jabil News Roundup

Here are the key news stories impacting Jabil this week:

Jabil Company Profile

(Get Free Report)

Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.

Featured Stories

Analyst Recommendations for Jabil (NYSE:JBL)

Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.