Jabil (NYSE:JBL) Given New $214.00 Price Target at JPMorgan Chase & Co.

Jabil (NYSE:JBL) had its target price upped by JPMorgan Chase & Co. from $180.00 to $214.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

JBL has been the topic of several other research reports. Barclays boosted their target price on shares of Jabil from $206.00 to $223.00 and gave the company an “overweight” rating in a research note on Tuesday. Argus upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research note on Wednesday. Wall Street Zen upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research note on Monday, May 19th. The Goldman Sachs Group boosted their target price on shares of Jabil from $165.00 to $188.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Finally, UBS Group boosted their target price on shares of Jabil from $157.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $213.57.

Jabil Stock Up 0.5%

JBL opened at $205.72 on Wednesday. Jabil has a fifty-two week low of $95.85 and a fifty-two 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. The firm’s fifty day moving average price is $162.20 and its two-hundred day moving average price is $152.96. The company has a market capitalization of $22.08 billion, a P/E ratio of 39.95, a P/E/G ratio of 1.97 and a beta of 1.14.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The firm had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the previous year, the company earned $1.89 earnings per share. The business’s revenue was up 15.7% compared to the same quarter last year. On average, analysts anticipate that Jabil will post 8.05 EPS for the current year.

Jabil Dividend Announcement

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

Insider Activity at Jabil

In other Jabil news, EVP Andrew Priestley sold 13,913 shares of the business’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the completion of the sale, the executive vice president now directly owns 53,528 shares of the company’s stock, valued at approximately $10,875,283.76. The trade was a 20.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Steven D. Borges sold 22,443 shares of the business’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $200.01, for a total value of $4,488,824.43. Following the sale, the executive vice president now directly owns 102,803 shares of the company’s stock, valued at $20,561,628.03. This represents a 17.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 277,976 shares of company stock valued at $52,261,361 over the last ninety days. 1.73% of the stock is owned by insiders.

Institutional Trading of Jabil

Hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Jabil in the fourth quarter valued at approximately $27,000. Creative Financial Designs Inc. ADV bought a new stake in Jabil in the first quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Jabil in the fourth quarter valued at approximately $29,000. Harbor Capital Advisors Inc. increased its stake in Jabil by 110.5% in the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock valued at $30,000 after purchasing an additional 116 shares in the last quarter. Finally, Groupe la Francaise increased its stake in Jabil by 35.2% in the first quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock valued at $34,000 after purchasing an additional 64 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

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).