Brokerages Set Jabil Inc. (NYSE:JBL) Price Target at $167.50

Jabil Inc. (NYSE:JBL - Get Free Report) has received an average rating of "Moderate Buy" from the six brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $167.50.

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, March 21st. UBS Group lifted their target price on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Stifel Nicolaus reiterated a "buy" rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group raised their price objective on Jabil from $160.00 to $179.00 and gave the company a "buy" rating in a research report on Monday, February 24th.

Insider Buying and Selling

In related news, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the sale, the director now directly owns 5,900 shares in the company, valued at $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the sale, the director now owns 12,900 shares of the company's stock, valued at approximately $2,093,283. This represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,400 shares of company stock valued at $12,205,218. Company insiders own 1.73% of the company's stock.

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Institutional Trading of Jabil

Several hedge funds and other institutional investors have recently bought and sold shares of JBL. GAMMA Investing LLC raised its stake in Jabil by 17,410.3% in the first quarter. GAMMA Investing LLC now owns 524,958 shares of the technology company's stock valued at $71,431,000 after buying an additional 521,960 shares during the last quarter. First Hawaiian Bank grew its holdings in Jabil by 47.9% during the first quarter. First Hawaiian Bank now owns 10,647 shares of the technology company's stock worth $1,449,000 after acquiring an additional 3,447 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Jabil by 21.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 565 shares of the technology company's stock worth $77,000 after purchasing an additional 99 shares during the period. 111 Capital purchased a new position in Jabil in the fourth quarter valued at $940,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Jabil by 68.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,318 shares of the technology company's stock worth $3,212,000 after purchasing an additional 9,039 shares during the period. Institutional investors own 93.39% of the company's stock.

Jabil Stock Performance

Jabil stock traded up $4.11 during mid-day trading on Thursday, reaching $120.99. 2,737,430 shares of the stock traded hands, compared to its average volume of 1,459,862. Jabil has a 12-month low of $95.85 and a 12-month high of $174.80. The stock has a market capitalization of $13.21 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The business's 50-day moving average is $149.84 and its 200-day moving average is $140.77.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same period last year, the firm earned $1.68 earnings per share. The company's quarterly revenue was down .6% on a year-over-year basis. As a group, sell-side analysts predict that Jabil will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. Jabil's dividend payout ratio is presently 7.66%.

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).