Jabil (NYSE:JBL) Downgraded to "Hold" Rating by StockNews.com

Jabil (NYSE:JBL - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Monday.

Several other research analysts also recently commented on the company. Barclays raised their target price on Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a research note on Friday, December 20th. The Goldman Sachs Group boosted their price objective on shares of Jabil from $136.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Bank of America upped their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, September 27th. UBS Group raised their price target on shares of Jabil from $128.00 to $152.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $153.17.

Jabil Stock Performance

NYSE:JBL traded down $0.42 on Monday, reaching $153.46. 1,099,457 shares of the company's stock were exchanged, compared to its average volume of 1,339,049. The stock has a fifty day simple moving average of $138.75 and a 200-day simple moving average of $121.92. Jabil has a 52 week low of $95.85 and a 52 week high of $156.94. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 1.58 and a beta of 1.23.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data 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 business had revenue of $6.99 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $2.60 EPS. As a group, sell-side analysts predict that Jabil will post 7.89 earnings per share for the current year.

Insider Transactions at Jabil

In related news, SVP Francis Mckay sold 11,755 shares of the company'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 completion of the transaction, the senior vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,283 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $122.28, for a total value of $523,725.24. Following the completion of the sale, the executive vice president now directly owns 142,472 shares of the company's stock, valued at $17,421,476.16. The trade was a 2.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,689 shares of company stock worth $5,501,871. Insiders own 1.73% of the company's stock.

Institutional Trading of Jabil

Several institutional investors and hedge funds have recently bought and sold shares of JBL. Nicola Wealth Management LTD. increased its stake in shares of Jabil by 54.9% during the third quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company's stock valued at $4,733,000 after purchasing an additional 14,000 shares in the last quarter. Foster & Motley Inc. increased its holdings in Jabil by 8.7% during the third quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company's stock valued at $6,252,000 after buying an additional 4,181 shares during the last quarter. Empowered Funds LLC raised its holdings in Jabil by 11.8% in the 3rd quarter. Empowered Funds LLC now owns 145,682 shares of the technology company's stock worth $17,457,000 after purchasing an additional 15,413 shares during the period. Davis Investment Partners LLC purchased a new position in shares of Jabil during the 4th quarter valued at about $1,433,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Jabil by 58.7% in the third quarter. BNP Paribas Financial Markets now owns 192,815 shares of the technology company's stock worth $23,105,000 after purchasing an additional 71,292 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

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).

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