Jabil (NYSE:JBL) Upgraded by Argus to “Buy” Rating

Jabil (NYSE:JBL) was upgraded by Argus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports.

JBL has been the subject of a number of other research reports. Barclays upped their price target on Jabil from $184.00 to $206.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 10th. JPMorgan Chase & Co. lowered their price target on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. UBS Group lifted their target price on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Wall Street Zen raised shares of Jabil from a “hold” rating to a “buy” rating in a research note on Monday, May 19th. Finally, The Goldman Sachs Group increased their price target on Jabil from $165.00 to $188.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $169.17.

Jabil Stock Performance

Shares of JBL stock opened at $196.42 on Wednesday. The company’s fifty day moving average price is $157.94 and its 200-day moving average price is $151.63. The stock has a market cap of $21.09 billion, a PE ratio of 46.99, a price-to-earnings-growth ratio of 1.76 and a beta of 1.14. The company has a current ratio of 1.02, a quick ratio of 0.66 and a debt-to-equity ratio of 2.12. Jabil has a 12 month low of $95.85 and a 12 month high of $203.90.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.27. The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.03 billion. Jabil had a return on equity of 49.64% and a net margin of 1.76%. The company’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the company earned $1.89 earnings per share. On average, equities analysts expect that Jabil will post 8.05 EPS for the current fiscal year.

Insider Buying and Selling at Jabil

In related news, Chairman Mark T. Mondello sold 20,000 shares of the company’s stock in a transaction on Friday, April 11th. The stock was 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 directly owns 1,730,192 shares in the company, valued at $227,624,059.52. This represents a 1.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total value of $1,699,000.00. Following the completion of the transaction, the chief executive officer now directly owns 221,693 shares of the company’s stock, valued at $37,665,640.70. This trade represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock worth $7,665,200 in the last quarter. 1.73% of the stock is owned by insiders.

Institutional Trading of Jabil

Several large investors have recently added to or reduced their stakes in the business. First Hawaiian Bank raised its stake in Jabil by 47.9% during the 1st quarter. First Hawaiian Bank now owns 10,647 shares of the technology company’s stock valued at $1,449,000 after purchasing an additional 3,447 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Jabil by 52.0% in the 1st quarter. Inspire Investing LLC now owns 17,743 shares of the technology company’s stock worth $2,414,000 after acquiring an additional 6,072 shares in the last quarter. Invst LLC acquired a new stake in Jabil during the 1st quarter valued at $630,000. Modern Wealth Management LLC boosted its stake in Jabil by 21.1% in the first quarter. Modern Wealth Management LLC now owns 1,762 shares of the technology company’s stock worth $240,000 after purchasing an additional 307 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Jabil during the first quarter worth $26,118,000. 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).