Barclays Forecasts Strong Price Appreciation for Jabil (NYSE:JBL) Stock

Jabil (NYSE:JBL - Get Free Report) had its price objective upped by equities research analysts at Barclays from $184.00 to $206.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. Barclays's price target indicates a potential upside of 15.34% from the stock's current price.

A number of other equities analysts also recently commented on the company. The Goldman Sachs Group cut their price objective on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. UBS Group increased their price target on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. reduced 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. Finally, Wall Street Zen raised shares of Jabil from a "hold" rating to a "buy" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $169.17.

Jabil Stock Down 0.3%

Shares of NYSE JBL traded down $0.47 during mid-day trading on Tuesday, reaching $178.61. The company had a trading volume of 411,720 shares, compared to its average volume of 1,426,900. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The company has a market capitalization of $19.17 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.65 and a beta of 1.14. The stock has a fifty day moving average of $154.43 and a two-hundred day moving average of $150.46. Jabil has a 12-month low of $95.85 and a 12-month high of $180.16.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The company's revenue was down .6% compared to the same quarter last year. As a group, equities research analysts expect that Jabil will post 8.05 EPS for the current year.

Insider Buying and Selling

In related news, CEO Michael Dastoor sold 10,000 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the completion of the transaction, the chief executive officer now directly owns 221,693 shares in the company, valued at $37,665,640.70. This represents a 4.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the transaction, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. The trade was a 1.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $7,665,200 in the last quarter. 1.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jabil

A number of institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp grew its holdings in shares of Jabil by 50.4% during the 4th quarter. Truist Financial Corp now owns 12,037 shares of the technology company's stock worth $1,732,000 after purchasing an additional 4,034 shares in the last quarter. Keybank National Association OH bought a new position in Jabil in the fourth quarter worth $214,000. Principal Financial Group Inc. raised its stake in shares of Jabil by 4.4% in the 4th quarter. Principal Financial Group Inc. now owns 143,266 shares of the technology company's stock valued at $20,616,000 after buying an additional 5,993 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of Jabil during the 4th quarter worth about $272,000. Finally, LPL Financial LLC lifted its holdings in shares of Jabil by 23.5% during the 4th quarter. LPL Financial LLC now owns 40,748 shares of the technology company's stock worth $5,864,000 after acquiring an additional 7,747 shares during the period. 93.39% of the stock is 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).