Jabil (NYSE:JBL) Rating Increased to Buy at StockNews.com

Jabil (NYSE:JBL) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Several other analysts have also weighed in on JBL. The Goldman Sachs Group increased their price target on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a report on Monday, March 4th. Argus lowered Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, Barclays reduced their target price on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, March 18th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $144.50.

Jabil Trading Down 0.5 %

JBL stock opened at $120.24 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 1.27 and a beta of 1.40. Jabil has a 1-year low of $75.48 and a 1-year high of $156.94. The business has a 50 day simple moving average of $136.83 and a two-hundred day simple moving average of $130.95.

Jabil (NYSE:JBL) last posted its earnings results on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. Research analysts anticipate that Jabil will post 7.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kenneth S. Wilson sold 15,000 shares of Jabil stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the sale, the chief executive officer now owns 339,725 shares of the company’s stock, valued at $45,591,095. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Kenneth S. Wilson sold 15,000 shares of Jabil stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the transaction, the chief executive officer now directly owns 339,725 shares in the company, valued at $45,591,095. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gerald Creadon sold 3,000 shares of Jabil stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total value of $406,860.00. Following the transaction, the executive vice president now owns 65,434 shares of the company’s stock, valued at $8,874,159.08. The disclosure for this sale can be found here. Insiders sold 107,177 shares of company stock valued at $13,678,039 over the last quarter. 2.62% of the stock is currently owned by company insiders.

Institutional Trading of Jabil

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Jabil by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company’s stock valued at $1,919,948,000 after buying an additional 1,427,429 shares in the last quarter. FMR LLC increased its position in shares of Jabil by 15.9% in the third quarter. FMR LLC now owns 10,525,084 shares of the technology company’s stock valued at $1,335,528,000 after buying an additional 1,440,857 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Jabil by 0.7% in the third quarter. Wellington Management Group LLP now owns 5,392,355 shares of the technology company’s stock worth $684,236,000 after acquiring an additional 36,560 shares during the last quarter. Norges Bank acquired a new stake in shares of Jabil in the fourth quarter worth approximately $192,964,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Jabil by 7.0% in the third quarter. Bank of New York Mellon Corp now owns 1,513,406 shares of the technology company’s stock worth $192,036,000 after acquiring an additional 99,174 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

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).