Jabil (NYSE:JBL) Price Target Raised to $145.00 at The Goldman Sachs Group

Jabil (NYSE:JBL - Get Free Report) had its price objective lifted by investment analysts at The Goldman Sachs Group from $136.00 to $145.00 in a report released on Wednesday. The firm presently has a "buy" rating on the technology company's stock. The Goldman Sachs Group's price target would suggest a potential upside of 0.91% from the company's current price.

Several other brokerages also recently issued reports on JBL. StockNews.com upgraded shares of Jabil from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. dropped their target price on Jabil from $137.00 to $133.00 and set an "overweight" rating for the company in a research report on Tuesday, September 3rd. Stifel Nicolaus boosted their price target on Jabil from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Bank of America raised their price objective on shares of Jabil from $135.00 to $150.00 and gave the company a "buy" rating in a report on Friday, September 27th. Finally, Barclays lifted their target price on shares of Jabil from $135.00 to $157.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Jabil has an average rating of "Moderate Buy" and an average target price of $142.50.

Jabil Price Performance

Shares of NYSE JBL traded up $9.73 during trading hours on Wednesday, hitting $143.69. 4,758,799 shares of the stock were exchanged, compared to its average volume of 1,429,522. The company's fifty day simple moving average is $130.37 and its two-hundred day simple moving average is $117.96. The company has a market cap of $16.05 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. Jabil has a 1-year low of $95.85 and a 1-year high of $156.94.

Jabil (NYSE:JBL - Get Free Report) last issued its 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. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter last year, the business posted $2.60 EPS. The company's revenue was down 16.6% compared to the same quarter last year. On average, sell-side analysts predict that Jabil will post 7.89 EPS for the current year.

Insider Activity

In other Jabil news, SVP Francis Mckay sold 11,755 shares of the 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 approximately $5,051,816.97. This represents a 22.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the sale, the director now owns 139,108 shares of the company's stock, valued at $17,346,767.60. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,689 shares of company stock valued at $5,377,431. 1.73% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Jabil

Several hedge funds and other institutional investors have recently bought and sold shares of JBL. FMR LLC raised its stake in Jabil by 11.3% during the 3rd quarter. FMR LLC now owns 5,116,308 shares of the technology company's stock worth $613,087,000 after buying an additional 520,672 shares during the period. Primecap Management Co. CA lifted its holdings in shares of Jabil by 0.3% in the 3rd quarter. Primecap Management Co. CA now owns 3,692,560 shares of the technology company's stock worth $442,479,000 after purchasing an additional 9,685 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Jabil by 12,251.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company's stock worth $264,391,000 after purchasing an additional 2,188,521 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Jabil by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,636,737 shares of the technology company's stock valued at $178,058,000 after purchasing an additional 106,808 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Jabil by 29.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company's stock valued at $150,463,000 after purchasing an additional 310,590 shares in the last quarter. 93.39% of the stock is owned by 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).