JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Jabil (NYSE:JBL) Stock

Jabil (NYSE:JBL - Free Report) had its price objective raised by JPMorgan Chase & Co. from $172.00 to $175.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an overweight rating on the technology company's stock.

JBL has been the topic of a number of other research reports. UBS Group upped their target price on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday. StockNews.com lowered Jabil from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Stifel Nicolaus reaffirmed a "buy" rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Barclays increased their price target on Jabil from $157.00 to $179.00 and gave the company an "overweight" rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group increased 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. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $167.50.

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Jabil Trading Up 2.5 %

Shares of Jabil stock traded up $3.61 on Friday, reaching $148.83. 464,197 shares of the company's stock were exchanged, compared to its average volume of 1,372,479. The company has a market capitalization of $16.25 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. Jabil has a 52 week low of $95.85 and a 52 week high of $174.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The firm's 50-day moving average is $155.96 and its two-hundred day moving average is $138.39.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.68 earnings per share. 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 issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Tuesday, February 18th. Jabil's dividend payout ratio (DPR) is currently 3.07%.

Insider Activity

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

Institutional Trading of Jabil

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Jabil in the third quarter worth about $365,000. PNC Financial Services Group Inc. boosted its holdings in Jabil by 2.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 35,734 shares of the technology company's stock valued at $4,282,000 after purchasing an additional 1,013 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Jabil by 2,750.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 110,701 shares of the technology company's stock valued at $13,265,000 after purchasing an additional 106,818 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Jabil in the third quarter worth $5,434,000. Finally, AlphaCore Capital LLC boosted its stake in Jabil by 4.7% during the third quarter. AlphaCore Capital LLC now owns 3,145 shares of the technology company's stock valued at $377,000 after buying an additional 141 shares during the period. 93.39% of the stock is currently owned by institutional investors.

About Jabil

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).