Jabil (NYSE:JBL) Price Target Raised to $208.00 at UBS Group

Jabil (NYSE:JBL) had its price target raised by UBS Group from $157.00 to $208.00 in a report issued on Wednesday, MarketBeat.com reports. The brokerage currently has a neutral rating on the technology company’s stock.

JBL has been the subject of several other research reports. The Goldman Sachs Group increased their price objective on shares of Jabil from $165.00 to $188.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Argus raised shares of Jabil from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays increased their price objective on shares of Jabil from $184.00 to $206.00 and gave the company an “overweight” rating in a research note on Tuesday, June 10th. Wall Street Zen raised shares of Jabil from a “hold” rating to a “buy” rating in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $213.57.

Jabil Stock Performance

Shares of Jabil stock opened at $205.72 on Wednesday. The company has a 50 day moving average of $162.20 and a 200-day moving average of $152.96. Jabil has a 1-year low of $95.85 and a 1-year high of $208.69. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.85. The company has a market cap of $22.08 billion, a PE ratio of 39.95, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.03 billion. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.89 EPS. As a group, equities research analysts forecast that Jabil will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.16%. The ex-dividend date was Thursday, May 15th. Jabil’s payout ratio is currently 6.21%.

Insider Activity

In other news, EVP Andrew Priestley sold 13,913 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the completion of the sale, the executive vice president now directly owns 53,528 shares in the company, valued at $10,875,283.76. This represents a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Adam E. Berry sold 4,233 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $200.36, for a total transaction of $848,123.88. Following the sale, the senior vice president now owns 13,047 shares of the company’s stock, valued at approximately $2,614,096.92. This trade represents a 24.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 277,976 shares of company stock valued at $52,261,361. Insiders own 1.73% of the company’s stock.

Institutional Investors Weigh In On Jabil

Several large investors have recently modified their holdings of JBL. SBI Securities Co. Ltd. acquired a new stake in shares of Jabil during the fourth quarter worth $27,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Jabil during the first quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Jabil during the fourth quarter worth $29,000. Harbor Capital Advisors Inc. increased its position in shares of Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock worth $30,000 after buying an additional 116 shares during the period. Finally, Groupe la Francaise increased its position in shares of Jabil by 35.2% during the first quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock worth $34,000 after buying an additional 64 shares during the period. 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).