Jabil (NYSE:JBL) Stock Price Expected to Rise, UBS Group Analyst Says

Jabil (NYSE:JBL - Free Report) had its price objective boosted by UBS Group from $157.00 to $208.00 in a research note issued to investors on Wednesday morning, Marketbeat.com reports. UBS Group currently has a neutral rating on the technology company's stock.

Several other research firms also recently issued reports on JBL. Wall Street Zen upgraded Jabil from a "hold" rating to a "buy" rating in a research report on Monday, May 19th. Argus upgraded Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. The Goldman Sachs Group increased their price objective on Jabil from $165.00 to $188.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Barclays increased their price objective on Jabil from $184.00 to $206.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 10th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Jabil presently has a consensus rating of "Buy" and an average price target of $213.57.

Jabil Stock Performance

Shares of NYSE:JBL traded up $1.06 during trading on Wednesday, hitting $205.72. 3,050,936 shares of the company were exchanged, compared to its average volume of 1,433,557. The company has a market cap of $22.08 billion, a PE ratio of 39.95, a P/E/G ratio of 1.99 and a beta of 1.14. The stock has a 50 day moving average of $162.20 and a 200 day moving average of $153.07. Jabil has a 52-week low of $95.85 and a 52-week high of $208.69. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.66.

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

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.16%. Jabil's dividend payout ratio is presently 6.21%.

Insider Activity at Jabil

In related news, SVP Francis Mckay sold 3,395 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $205.48, for a total value of $697,604.60. Following the transaction, the senior vice president now owns 38,112 shares of the company's stock, valued at $7,831,253.76. This represents a 8.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP May Yee Yap sold 6,787 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $206.00, for a total value of $1,398,122.00. Following the completion of the transaction, the senior vice president now directly owns 25,582 shares in the company, valued at approximately $5,269,892. This represents a 20.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 277,976 shares of company stock valued at $52,261,361 over the last 90 days. 1.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JBL. Wellington Management Group LLP grew its stake in shares of Jabil by 70,781.4% during the fourth quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock valued at $835,876,000 after buying an additional 5,800,535 shares during the last quarter. Norges Bank bought a new position in shares of Jabil during the fourth quarter valued at about $218,430,000. Point72 Asset Management L.P. grew its stake in shares of Jabil by 1,007.6% during the fourth quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company's stock valued at $138,954,000 after buying an additional 878,444 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Jabil by 119.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,215,678 shares of the technology company's stock valued at $165,417,000 after buying an additional 662,938 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of Jabil during the first quarter valued at about $81,378,000. 93.39% of the stock is owned by 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).