Jabil (NYSE:JBL) Rating Increased to Strong-Buy at Wall Street Zen

Jabil (NYSE:JBL - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Friday.

Several other analysts have also issued reports on the stock. Raymond James Financial restated a "strong-buy" rating and set a $230.00 price target (up from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. JPMorgan Chase & Co. upped their price target on shares of Jabil from $180.00 to $214.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. UBS Group upped their price target on shares of Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Finally, Bank of America upped their price target on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, June 20th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $213.57.

Jabil Price Performance

JBL traded up $2.01 during trading on Friday, reaching $217.32. The stock had a trading volume of 3,319,519 shares, compared to its average volume of 1,433,266. The stock has a market cap of $23.33 billion, a PE ratio of 42.20, a PEG ratio of 1.51 and a beta of 1.14. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 0.98. Jabil has a one year low of $95.85 and a one year high of $218.34. The business has a 50-day moving average of $170.08 and a 200-day moving average of $155.67.

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

Insider Transactions at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 150,000 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $193.33, for a total value of $28,999,500.00. Following the completion of the sale, the chairman now directly owns 1,560,192 shares in the company, valued at $301,631,919.36. This trade represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Anousheh Ansari sold 2,500 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $207.57, for a total transaction of $518,925.00. Following the completion of the sale, the director now owns 37,400 shares of the company's stock, valued at $7,763,118. This trade represents a 6.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 280,476 shares of company stock worth $52,780,286. Company insiders own 1.73% of the company's stock.

Institutional Trading of Jabil

Several institutional investors and hedge funds have recently bought and sold shares of JBL. SBI Securities Co. Ltd. purchased a new stake in Jabil in the fourth quarter worth about $27,000. Creative Financial Designs Inc. ADV purchased a new stake in Jabil in the first quarter worth about $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Jabil in the fourth quarter worth about $29,000. Harbor Capital Advisors Inc. lifted its holdings in Jabil by 110.5% in 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 lifted its holdings in Jabil by 35.2% in 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 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).