The Goldman Sachs Group Boosts Jabil (NYSE:JBL) Price Target to $188.00

Jabil (NYSE:JBL - Get Free Report) had its price target raised by investment analysts at The Goldman Sachs Group from $165.00 to $188.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. The Goldman Sachs Group's price target would indicate a potential upside of 5.25% from the company's previous close.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Barclays lifted their price objective on shares of Jabil from $184.00 to $206.00 and gave the stock an "overweight" rating in a research report on Tuesday. UBS Group increased their target price on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Wall Street Zen upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Jabil presently has a consensus rating of "Moderate Buy" and a consensus target price of $169.17.

Jabil Trading Up 0.3%

JBL stock traded up $0.59 during mid-day trading on Tuesday, reaching $178.63. 1,094,305 shares of the stock traded hands, compared to its average volume of 1,429,439. Jabil has a one year low of $95.85 and a one year high of $180.25. The stock has a market capitalization of $19.17 billion, a PE ratio of 17.13, a PEG ratio of 1.65 and a beta of 1.14. 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 business has a 50-day moving average price of $152.04 and a two-hundred day moving average price of $149.95.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly 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 return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same period last year, the company earned $1.68 EPS. Jabil's quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts expect that Jabil will post 8.05 EPS for the current year.

Insiders Place Their Bets

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the transaction, the chairman now owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. This trade represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Dastoor sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the transaction, the chief executive officer now owns 221,693 shares of the company's stock, valued at $37,665,640.70. This trade represents a 4.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock valued at $7,665,200 over the last ninety days. Company insiders own 1.73% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Truist Financial Corp boosted its holdings in Jabil by 50.4% in the fourth quarter. Truist Financial Corp now owns 12,037 shares of the technology company's stock valued at $1,732,000 after purchasing an additional 4,034 shares in the last quarter. Keybank National Association OH purchased a new stake in shares of Jabil during the 4th quarter worth approximately $214,000. Principal Financial Group Inc. lifted its position in shares of Jabil by 4.4% during the 4th quarter. Principal Financial Group Inc. now owns 143,266 shares of the technology company's stock worth $20,616,000 after buying an additional 5,993 shares during the last quarter. Apollon Wealth Management LLC acquired a new position in shares of Jabil in the 4th quarter valued at $272,000. Finally, LPL Financial LLC grew its position in shares of Jabil by 23.5% in the 4th quarter. LPL Financial LLC now owns 40,748 shares of the technology company's stock valued at $5,864,000 after buying an additional 7,747 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

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).