Jabil (NYSE:JBL) Price Target Lowered to $154.00 at JPMorgan Chase & Co.

Jabil (NYSE:JBL - Get Free Report) had its target price reduced by research analysts at JPMorgan Chase & Co. from $175.00 to $154.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 14.10% from the company's current price.

JBL has been the subject of a number of other research reports. Barclays upped their price target on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. UBS Group boosted their price objective on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. The Goldman Sachs Group cut their price target on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Stifel Nicolaus reiterated a "buy" rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Finally, StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a research report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Jabil presently has an average rating of "Moderate Buy" and an average target price of $158.50.

Jabil Trading Up 0.8 %

Shares of JBL stock traded up $1.10 during trading hours on Thursday, hitting $134.97. 1,016,031 shares of the company were exchanged, compared to its average volume of 1,481,218. The firm has a fifty day moving average of $142.95 and a 200 day moving average of $141.54. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil has a 1 year low of $95.85 and a 1 year high of $174.80. The firm has a market cap of $14.49 billion, a PE ratio of 12.94, a PEG ratio of 1.65 and a beta of 1.12.

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

Insider Activity at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the transaction, the chairman now owns 1,730,192 shares in the company, valued at $227,624,059.52. The trade was a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the transaction, the director now owns 12,900 shares in the company, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,400 shares of company stock worth $11,810,418 in the last ninety days. 1.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Jabil

Hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in shares of Jabil during the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Jabil in the fourth quarter valued at approximately $29,000. Harbor Capital Advisors Inc. lifted its holdings in Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after acquiring an additional 116 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of Jabil during the fourth quarter worth $37,000. Finally, First Horizon Advisors Inc. raised its position in Jabil by 90.3% in the 4th 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 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).