Jabil (NYSE:JBL) Price Target Raised to $157.00 at UBS Group

Jabil (NYSE:JBL - Free Report) had its price target lifted by UBS Group from $152.00 to $157.00 in a report published on Friday,Benzinga reports. UBS Group currently has a neutral rating on the technology company's stock.

JBL has been the topic of several other reports. Barclays lifted their price objective on Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a report on Friday, December 20th. StockNews.com cut Jabil from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group lifted their target price on shares of Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $167.50.

Jabil Stock Performance

Jabil stock traded up $3.61 during mid-day trading on Friday, hitting $148.83. The company had a trading volume of 464,197 shares, compared to its average volume of 1,372,479. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $16.25 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 1.65 and a beta of 1.19. The company's fifty day moving average is $155.96 and its 200-day moving average is $138.39. Jabil has a 12-month low of $95.85 and a 12-month high of $174.80.

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Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating the consensus estimate 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 earnings per share. The firm's revenue was down .6% on a year-over-year basis. Equities research analysts predict that Jabil will post 8.05 EPS for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.22%. Jabil's payout ratio is 3.07%.

Insider Activity at Jabil

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 sale, the director now owns 119,108 shares in the company, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher S. Holland sold 3,400 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the sale, the director now directly owns 12,900 shares in the company, valued at approximately $2,093,283. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,400 shares of company stock valued at $12,804,458. 1.73% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jabil

Institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Jabil during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Jabil during the 4th quarter worth approximately $29,000. Millstone Evans Group LLC purchased a new position in Jabil in the 4th quarter valued at approximately $37,000. Brooklyn Investment Group purchased a new position in Jabil in the 3rd quarter valued at approximately $39,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock worth $39,000 after acquiring an additional 130 shares in 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).