The Goldman Sachs Group Increases Jabil (NYSE:JBL) Price Target to $215.00

Jabil (NYSE:JBL - Get Free Report) had its price target lifted by analysts at The Goldman Sachs Group from $188.00 to $215.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. The Goldman Sachs Group's target price would indicate a potential upside of 5.30% from the stock's current price.

JBL has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price target on Jabil from $180.00 to $214.00 and gave the stock an "overweight" rating in a research report on Wednesday. UBS Group boosted their target price on Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a report on Wednesday. Wall Street Zen upgraded Jabil from a "hold" rating to a "buy" rating in a report on Monday, May 19th. Barclays upped their price target on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $195.00.

Jabil Trading Up 3.7%

Shares of JBL traded up $7.29 during mid-day trading on Wednesday, hitting $204.18. 1,162,908 shares of the company's stock traded hands, compared to its average volume of 1,454,678. The company has a quick ratio of 0.66, a current ratio of 1.02 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $21.92 billion, a P/E ratio of 48.93, a PEG ratio of 1.76 and a beta of 1.14. The business's 50-day moving average price is $157.94 and its 200-day moving average price is $151.63. Jabil has a 1 year low of $95.85 and a 1 year high of $206.61.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.27. Jabil had a net margin of 1.76% and a return on equity of 49.64%. The company had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.03 billion. During the same quarter in the previous year, the company earned $1.89 earnings per share. Jabil's quarterly revenue was up 15.7% on a year-over-year basis. As a group, sell-side analysts forecast that Jabil will post 8.05 EPS for the current fiscal year.

Insider Buying and Selling

In other Jabil news, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction dated 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 owns 221,693 shares of the company's stock, 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 at the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the sale, the chairman now directly owns 1,730,192 shares in the company, valued at $227,624,059.52. This trade represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,000 shares of company stock valued at $7,665,200. Company insiders own 1.73% of the company's stock.

Institutional Trading of Jabil

Large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in Jabil during the 4th quarter valued at $27,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of Jabil in the first quarter valued at $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Jabil in the fourth quarter valued at $29,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Jabil by 110.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after acquiring an additional 116 shares during the last quarter. Finally, Groupe la Francaise boosted its stake in shares of Jabil by 35.2% during the 1st 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 period. 93.39% of the stock is currently 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).

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