Jabil (NYSE:JBL) Stock Rating Upgraded by StockNews.com

Jabil (NYSE:JBL) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

JBL has been the topic of several other research reports. Barclays lifted their target price on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group lifted their target price on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. lifted their target price on Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday. 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 note on Thursday, December 19th. Finally, The Goldman Sachs Group lifted their target price on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.50.

Jabil Trading Up 0.8 %

JBL traded up $1.19 during trading on Friday, reaching $145.02. The company had a trading volume of 3,299,699 shares, compared to its average volume of 1,391,368. The firm’s 50-day simple moving average is $155.96 and its 200 day simple moving average is $137.91. The company has a market cap of $15.83 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.65 and a beta of 1.19. Jabil has a 12-month low of $95.85 and a 12-month 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.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same quarter last year, the business posted $1.68 EPS. Jabil’s revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that Jabil will post 8.05 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was 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 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 document filed with the Securities & Exchange Commission, which is available 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 stock was 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 owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JBL. SBI Securities Co. Ltd. acquired a new position in shares of Jabil during the fourth quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Jabil during the fourth quarter worth approximately $29,000. Millstone Evans Group LLC acquired a new position in shares of Jabil during the fourth quarter worth approximately $37,000. Brooklyn Investment Group acquired a new position in shares of Jabil during the third quarter worth approximately $39,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after buying an additional 130 shares during the last quarter. 93.39% of the stock is currently 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).