Jabil (NYSE:JBL - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Friday.
Several other brokerages also recently commented on JBL. Stifel Nicolaus initiated coverage on Jabil in a report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 target price on the stock. UBS Group set a $241.00 target price on Jabil in a report on Sunday, September 28th. Barclays raised their target price on Jabil from $223.00 to $267.00 and gave the company an "overweight" rating in a report on Friday, September 26th. Argus upgraded Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Jabil in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Jabil has an average rating of "Moderate Buy" and an average target price of $248.43.
View Our Latest Stock Analysis on Jabil
Jabil Trading Down 6.2%
Shares of NYSE JBL traded down $13.48 during midday trading on Friday, hitting $202.22. The stock had a trading volume of 2,049,660 shares, compared to its average volume of 1,665,396. The company has a market capitalization of $21.70 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 1.53 and a beta of 1.26. Jabil has a 1-year low of $108.66 and a 1-year high of $237.14. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 1.57. The company has a fifty day moving average price of $215.60 and a 200 day moving average price of $186.82.
Insiders Place Their Bets
In related news, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $214.84, for a total transaction of $4,296,800.00. Following the sale, the chairman directly owned 1,380,190 shares of the company's stock, valued at approximately $296,520,019.60. This represents a 1.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven A. Raymund sold 13,432 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $223.11, for a total value of $2,996,813.52. Following the transaction, the director owned 86,396 shares in the company, valued at $19,275,811.56. This trade represents a 13.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 85,416 shares of company stock worth $18,367,889 in the last quarter. Company insiders own 1.73% of the company's stock.
Hedge Funds Weigh In On Jabil
Several large investors have recently added to or reduced their stakes in JBL. GFG Capital LLC bought a new position in Jabil during the second quarter worth $26,000. Creative Financial Designs Inc. ADV bought a new position in Jabil during the first quarter worth $27,000. Harbor Capital Advisors Inc. lifted its stake in 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 purchasing an additional 116 shares during the last quarter. Traub Capital Management LLC bought a new position in Jabil during the second quarter worth $33,000. Finally, Groupe la Francaise lifted its stake in 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 purchasing an additional 64 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.
About Jabil
(
Get Free Report)
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).
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Jabil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jabil wasn't on the list.
While Jabil currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
