Jabil (NYSE:JBL) Price Target Raised to $179.00

Jabil (NYSE:JBL - Free Report) had its price target lifted by Barclays from $157.00 to $179.00 in a research note released on Friday,Benzinga reports. Barclays currently has an overweight rating on the technology company's stock.

Several other research analysts have also recently issued reports on JBL. StockNews.com cut Jabil from a "strong-buy" rating to a "buy" rating in a report on Thursday. The Goldman Sachs Group boosted their target price on Jabil from $136.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday. Bank of America increased their price target on Jabil from $135.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Stifel Nicolaus restated a "buy" rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Jabil from $137.00 to $133.00 and set an "overweight" rating for the company in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Jabil has an average rating of "Moderate Buy" and a consensus target price of $153.17.

Jabil Price Performance

Shares of Jabil stock traded up $4.56 during trading on Friday, hitting $145.00. The stock had a trading volume of 6,852,215 shares, compared to its average volume of 1,455,591. The business has a fifty day moving average of $130.72 and a two-hundred day moving average of $118.12. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The firm has a market cap of $16.20 billion, a P/E ratio of 13.16, a PEG ratio of 1.57 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. Jabil's revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.60 EPS. On average, sell-side analysts expect that Jabil will post 7.89 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Friday, November 15th. Jabil's dividend payout ratio (DPR) is currently 2.90%.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Matthew Crowley sold 1,380 shares of the company's stock in a transaction on Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the transaction, the executive vice president now directly owns 18,568 shares in the company, valued at $2,336,411.44. The trade was a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of the firm'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 transaction, the senior vice president now directly owns 41,507 shares in the company, 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. Over the last ninety days, insiders sold 43,689 shares of company stock valued at $5,377,431. Company insiders own 1.73% of the company's stock.

Hedge Funds Weigh In On Jabil

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp increased its holdings in Jabil by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company's stock worth $195,000 after purchasing an additional 90 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of Jabil by 2.9% in the third quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company's stock valued at $387,000 after purchasing an additional 91 shares during the period. Gateway Investment Advisers LLC lifted its position in shares of Jabil by 3.5% during the third quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company's stock worth $376,000 after acquiring an additional 105 shares in the last quarter. Richard P Slaughter Associates Inc grew its holdings in Jabil by 0.7% during the 3rd quarter. Richard P Slaughter Associates Inc now owns 17,624 shares of the technology company's stock valued at $2,112,000 after buying an additional 120 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in Jabil by 4.9% during the third quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company's stock valued at $309,000 after acquiring an additional 120 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

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).