Jabil (NYSE:JBL) Reaches New 52-Week High After Analyst Upgrade

Jabil, Inc. (NYSE:JBL) shares hit a new 52-week high on Monday after Bank of America raised their price target on the stock from $295.00 to $354.00. Bank of America currently has a buy rating on the stock. Jabil traded as high as $325.26 and last traded at $326.4790, with a volume of 57425 shares trading hands. The stock had previously closed at $321.69.

A number of other research analysts have also commented on JBL. Stifel Nicolaus upped their price target on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. raised their price objective on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Barclays upped their target price on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Finally, UBS Group increased their target price on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Jabil has an average rating of “Buy” and a consensus target price of $290.63.

Insiders Place Their Bets

In other Jabil news, Director Anousheh Ansari sold 2,000 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the director owned 31,800 shares of the company’s stock, valued at $9,540,000. The trade was a 5.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Steven D. Borges sold 7,000 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $290.00, for a total transaction of $2,030,000.00. Following the transaction, the executive vice president owned 76,524 shares in the company, valued at approximately $22,191,960. The trade was a 8.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 42,474 shares of company stock valued at $11,652,721 in the last three months. Insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On Jabil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC grew its holdings in shares of Jabil by 68.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,868 shares of the technology company’s stock worth $496,000 after purchasing an additional 762 shares in the last quarter. OP Asset Management Ltd bought a new position in shares of Jabil in the first quarter worth $2,928,000. Assenagon Asset Management S.A. raised its stake in Jabil by 467.3% in the first quarter. Assenagon Asset Management S.A. now owns 221,014 shares of the technology company’s stock valued at $58,708,000 after purchasing an additional 182,053 shares in the last quarter. Cidel Asset Management Inc. raised its stake in Jabil by 4.8% in the first quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company’s stock valued at $263,000 after purchasing an additional 45 shares in the last quarter. Finally, Krilogy Financial LLC bought a new stake in Jabil during the first quarter worth about $176,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Price Performance

The stock has a market capitalization of $34.54 billion, a price-to-earnings ratio of 43.95, a P/E/G ratio of 1.67 and a beta of 1.16. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. The business’s 50 day simple moving average is $268.07 and its 200-day simple moving average is $237.76.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.51 by $0.18. The company had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.94 EPS. On average, research analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, February 17th. Jabil’s dividend payout ratio (DPR) is 4.30%.

About Jabil

Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.