Jabil (NYSE:JBL) Price Target Raised to $145.00 at The Goldman Sachs Group

Jabil (NYSE:JBL) had its target price upped by The Goldman Sachs Group from $136.00 to $145.00 in a research report sent to investors on Wednesday morning, Marketbeat reports. The firm currently has a buy rating on the technology company’s stock.

JBL has been the subject of a number of other reports. Barclays upped their target price on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Stifel Nicolaus increased their price objective on shares of Jabil from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. StockNews.com raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. lowered their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Finally, Bank of America raised their price target on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and an average target price of $147.83.

Jabil Stock Performance

NYSE JBL traded down $3.71 during midday trading on Wednesday, hitting $139.98. The company had a trading volume of 626,844 shares, compared to its average volume of 1,425,678. The firm has a fifty day simple moving average of $130.37 and a two-hundred day simple moving average of $117.96. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market cap of $15.63 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 1.57 and a beta of 1.25.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. The business had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period last year, the business earned $2.60 earnings per share. Equities analysts forecast that Jabil will post 7.89 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, November 15th. Jabil’s payout ratio is 2.90%.

Insider Buying and Selling

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the sale, the director now owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This represents a 12.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total transaction of $474,800.00. Following the completion of the sale, the executive vice president now owns 108,753 shares of the company’s stock, valued at $12,908,981.10. The trade was a 3.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,689 shares of company stock worth $5,377,431 in the last quarter. 1.73% of the stock is owned by corporate insiders.

Institutional Trading of Jabil

Several hedge funds have recently modified their holdings of the stock. HHM Wealth Advisors LLC acquired a new position in Jabil during the 2nd quarter valued at about $28,000. Innealta Capital LLC bought a new stake in shares of Jabil during the second quarter worth approximately $31,000. Capital Performance Advisors LLP acquired a new position in Jabil in the third quarter valued at approximately $32,000. Family Firm Inc. bought a new position in Jabil in the second quarter valued at approximately $37,000. Finally, Brooklyn Investment Group acquired a new stake in Jabil during the 3rd quarter worth $39,000. 93.39% of the stock is owned by institutional investors.

About Jabil

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).