Bank of America Raises Jabil (NYSE:JBL) Price Target to $150.00

by · The Cerbat Gem

Jabil (NYSE:JBL – Free Report) had its price objective raised by Bank of America from $135.00 to $150.00 in a research note published on Friday, Benzinga reports. Bank of America currently has a buy rating on the technology company’s stock.

JBL has been the subject of several other research reports. UBS Group reduced their price objective on shares of Jabil from $130.00 to $120.00 and set a neutral rating for the company in a research note on Friday, June 21st. Stifel Nicolaus reduced their price target on Jabil from $135.00 to $130.00 and set a buy rating for the company in a research report on Tuesday, September 17th. Barclays lowered their price objective on Jabil from $149.00 to $135.00 and set an overweight rating on the stock in a report on Friday, June 21st. Finally, JPMorgan Chase & Co. reduced their target price on Jabil from $137.00 to $133.00 and set an overweight rating for the company in a report on Tuesday, September 3rd. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $145.86.

Check Out Our Latest Stock Report on JBL

Jabil Stock Performance

Shares of NYSE JBL opened at $119.83 on Friday. Jabil has a one year low of $95.85 and a one year high of $156.94. The business’s 50-day moving average price is $107.55 and its two-hundred day moving average price is $116.07. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74. The company has a market capitalization of $13.59 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25.

Jabil (NYSE:JBL – Get Free Report) last released its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.59 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The firm’s revenue was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.34 earnings per share. Analysts anticipate that Jabil will post 7.85 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Jabil’s dividend payout ratio is presently 2.91%.

Insider Buying and Selling at Jabil

In other news, SVP May Yee Yap sold 4,274 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the completion of the transaction, the senior vice president now directly owns 24,829 shares in the company, valued at $2,905,986.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP May Yee Yap sold 4,274 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total value of $500,228.96. Following the completion of the sale, the senior vice president now owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JBL. Benjamin Edwards Inc. acquired a new stake in Jabil during the first quarter worth $25,000. HHM Wealth Advisors LLC acquired a new stake in shares of Jabil during the 2nd quarter valued at about $28,000. ORG Partners LLC bought a new stake in Jabil in the first quarter valued at about $29,000. Innealta Capital LLC acquired a new position in Jabil in the second quarter worth about $31,000. Finally, Riverview Trust Co bought a new position in Jabil during the first quarter worth about $33,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

About Jabil

(Get Free Report)

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).

Featured Articles