Barclays Forecasts Strong Price Appreciation for Jabil (NYSE:JBL) Stock

Jabil (NYSE:JBL - Get Free Report) had its price objective increased by research analysts at Barclays from $179.00 to $184.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. Barclays's price objective points to a potential upside of 22.76% from the stock's current price.

JBL has been the topic of a number of other research reports. StockNews.com lowered Jabil from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. UBS Group increased their price target on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday. The Goldman Sachs Group lifted their target price on shares of Jabil from $160.00 to $179.00 and gave the company a "buy" rating in a report on Monday, February 24th. Stifel Nicolaus reiterated a "buy" rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $167.50.

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Jabil Stock Performance

Shares of Jabil stock traded up $4.67 on Friday, hitting $149.89. The stock had a trading volume of 1,477,835 shares, compared to its average volume of 1,392,336. The stock has a market cap of $16.36 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 1.65 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil has a 52-week low of $95.85 and a 52-week high of $174.80. The company's 50 day moving average price is $155.96 and its 200 day moving average price is $138.39.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.11. The business had revenue of $6.73 billion for the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company's quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.68 EPS. On average, research analysts anticipate that Jabil will post 8.05 EPS for the current year.

Insider Activity

In other Jabil news, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the transaction, the director now owns 5,900 shares in the company, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares in the company, valued at $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 77,400 shares of company stock worth $12,804,458. Company insiders own 1.73% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Jabil in the fourth quarter valued at $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Jabil in the 4th quarter valued at about $29,000. Millstone Evans Group LLC purchased a new position in Jabil in the 4th quarter valued at about $37,000. Brooklyn Investment Group acquired a new stake in shares of Jabil during the 3rd quarter worth about $39,000. Finally, First Horizon Advisors Inc. raised its position in shares of Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after buying an additional 130 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

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).