Jabil (NYSE:JBL) Upgraded at StockNews.com

Jabil (NYSE:JBL) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

A number of other brokerages have also issued reports on JBL. The Goldman Sachs Group lifted their price target on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Barclays lowered their price target on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, March 18th. Finally, Argus downgraded Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Jabil currently has an average rating of “Buy” and an average price target of $144.50.

Jabil Stock Up 1.5 %

Jabil stock traded up $1.76 during midday trading on Tuesday, reaching $120.89. The company’s stock had a trading volume of 1,892,002 shares, compared to its average volume of 1,359,438. Jabil has a 52-week low of $75.48 and a 52-week high of $156.94. The stock has a market capitalization of $14.58 billion, a P/E ratio of 10.38, a PEG ratio of 1.26 and a beta of 1.40. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. The stock’s 50-day simple moving average is $137.25 and its 200-day simple moving average is $131.02.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.01). The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. On average, sell-side analysts expect that Jabil will post 7.83 EPS for the current year.

Insider Activity

In other Jabil news, SVP May Yee Yap sold 7,877 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the sale, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Jabil news, Chairman Mark T. Mondello sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the completion of the sale, the chairman now directly owns 1,809,194 shares in the company, valued at $228,121,271.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP May Yee Yap sold 7,877 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the sale, the senior vice president now owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 107,177 shares of company stock valued at $13,678,039. Insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Jabil

A number of hedge funds and other institutional investors have recently bought and sold shares of JBL. Cullen Frost Bankers Inc. acquired a new position in shares of Jabil during the 3rd quarter worth about $63,000. Lecap Asset Management Ltd. bought a new stake in Jabil in the 4th quarter valued at about $1,146,000. D.A. Davidson & CO. lifted its holdings in shares of Jabil by 15.3% during the 3rd quarter. D.A. Davidson & CO. now owns 29,305 shares of the technology company’s stock worth $3,719,000 after acquiring an additional 3,887 shares during the period. Deutsche Bank AG lifted its holdings in shares of Jabil by 87.1% during the 3rd quarter. Deutsche Bank AG now owns 185,371 shares of the technology company’s stock worth $23,522,000 after acquiring an additional 86,285 shares during the period. Finally, Cozad Asset Management Inc. lifted its holdings in shares of Jabil by 21.4% during the 3rd quarter. Cozad Asset Management Inc. now owns 90,828 shares of the technology company’s stock worth $11,525,000 after acquiring an additional 16,038 shares during the period. 93.39% of the stock is 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).