Jabil (NYSE:JBL) Given New $130.00 Price Target at Stifel Nicolaus

Jabil (NYSE:JBL) had its price objective decreased by Stifel Nicolaus from $135.00 to $130.00 in a research note published on Tuesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company’s stock.

A number of other research firms also recently weighed in on JBL. Bank of America decreased their price target on shares of Jabil from $150.00 to $135.00 and set a buy rating on the stock in a research note on Friday, June 21st. UBS Group decreased their target price on shares of Jabil from $130.00 to $120.00 and set a neutral rating on the stock in a research report on Friday, June 21st. Barclays dropped their price target on shares of Jabil from $149.00 to $135.00 and set an overweight rating for the company in a research report on Friday, June 21st. Finally, JPMorgan Chase & Co. decreased their price objective on Jabil from $137.00 to $133.00 and set an overweight rating on the stock in a report on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Jabil currently has a consensus rating of Moderate Buy and a consensus target price of $139.88.

Jabil Price Performance

Shares of Jabil stock opened at $106.83 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74. The company has a market cap of $12.12 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. The firm has a fifty day moving average price of $107.35 and a two-hundred day moving average price of $118.55. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $156.94.

Jabil (NYSE:JBL) last released its earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.53 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same period last year, the business earned $1.85 earnings per share. Analysts expect that Jabil will post 7.86 EPS for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. Jabil’s dividend payout ratio (DPR) is presently 2.91%.

Insider Buying and Selling

In other news, EVP Frederic E. Mccoy sold 1,250 shares of Jabil stock in a transaction on Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the sale, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Frederic E. Mccoy sold 1,250 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP May Yee Yap sold 4,274 shares of Jabil stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total value of $500,228.96. Following the sale, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at $2,905,986.16. The disclosure for this sale can be found here. 2.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in Jabil in the fourth quarter worth $192,964,000. Vanguard Group Inc. raised its stake in Jabil by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company’s stock worth $1,919,948,000 after buying an additional 1,427,429 shares during the period. Point72 Asset Management L.P. bought a new position in Jabil during the second quarter worth about $78,660,000. AQR Capital Management LLC grew its stake in Jabil by 195.8% in the second quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock valued at $115,404,000 after acquiring an additional 702,199 shares during the period. Finally, Artisan Partners Limited Partnership raised its position in shares of Jabil by 36.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,339,559 shares of the technology company’s stock worth $170,660,000 after purchasing an additional 359,818 shares during the period. Institutional investors own 93.39% of the company’s stock.

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).