Jabil (NYSE:JBL) Earns "Buy" Rating from Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Jabil (NYSE:JBL - Free Report) in a research report report published on Thursday,Benzinga reports. They currently have a $160.00 target price on the technology company's stock, up from their prior target price of $150.00.

Several other equities research analysts also recently commented on the company. JPMorgan Chase & Co. decreased their price target on Jabil from $137.00 to $133.00 and set an "overweight" rating for the company in a research report on Tuesday, September 3rd. Barclays upped their price objective on shares of Jabil from $135.00 to $157.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. UBS Group lifted their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a "neutral" rating in a research report on Thursday. StockNews.com upgraded shares of Jabil from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, November 27th. Finally, Bank of America raised their price objective on shares of Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $149.50.

Jabil Price Performance

NYSE JBL traded down $3.25 on Thursday, reaching $140.44. The company's stock had a trading volume of 2,413,553 shares, compared to its average volume of 1,433,563. Jabil has a twelve month low of $95.85 and a twelve month high of $156.94. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. The firm's 50 day moving average is $130.37 and its two-hundred day moving average is $117.96. The stock has a market cap of $15.69 billion, a PE ratio of 12.74, a PEG ratio of 1.57 and a beta of 1.25.

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, topping analysts' consensus estimates of $1.88 by $0.12. The firm had revenue of $6.99 billion during the quarter, compared to analysts' expectations of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm's revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period last year, the firm posted $2.60 earnings per share. As a group, sell-side analysts predict that Jabil will post 7.89 EPS for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, November 15th. Jabil's dividend payout ratio (DPR) is currently 2.90%.

Insider Transactions at Jabil

In related news, EVP Frederic E. Mccoy sold 4,283 shares of the business's stock in a transaction that occurred 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 owns 142,472 shares of the company's stock, valued at approximately $17,421,476.16. The trade was a 2.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven A. Raymund sold 20,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 139,108 shares in the company, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,689 shares of company stock valued at $5,377,431. 1.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Jabil

Several institutional investors and hedge funds have recently modified their holdings of JBL. HHM Wealth Advisors LLC acquired a new stake in shares of Jabil in the second quarter worth about $28,000. Capital Performance Advisors LLP bought a new position in shares of Jabil in the 3rd quarter valued at approximately $32,000. Innealta Capital LLC acquired a new stake in Jabil in the 2nd quarter worth approximately $31,000. Brooklyn Investment Group bought a new stake in Jabil during the third quarter worth approximately $39,000. Finally, Family Firm Inc. bought a new stake in Jabil during the second quarter worth approximately $37,000. Institutional investors and hedge funds own 93.39% of the company's stock.

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).