Bank of America Increases Jabil (NYSE:JBL) Price Target to $354.00

Jabil (NYSE:JBL) had its target price upped by equities research analysts at Bank of America from $295.00 to $354.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Bank of America‘s price objective would suggest a potential upside of 7.94% from the company’s current price.

Several other analysts have also recently commented on JBL. JPMorgan Chase & Co. raised their target price on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. UBS Group raised their target price on shares of Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Weiss Ratings upgraded shares of Jabil from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday, April 9th. Finally, Zacks Research upgraded shares of Jabil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. 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 MarketBeat, Jabil has an average rating of “Buy” and an average price target of $290.63.

Jabil Stock Performance

Shares of JBL stock traded up $6.26 during mid-day trading on Monday, hitting $327.95. The stock had a trading volume of 202,326 shares, compared to its average volume of 1,151,575. Jabil has a fifty-two week low of $127.72 and a fifty-two week high of $328.50. The firm has a market cap of $34.60 billion, a PE ratio of 44.04, a PEG ratio of 1.67 and a beta of 1.16. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. The company’s 50-day simple moving average is $268.07 and its 200-day simple moving average is $237.76.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.51 by $0.18. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The company had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter last year, the business earned $1.94 EPS. The business’s revenue was up 23.1% on a year-over-year basis. Sell-side analysts anticipate that Jabil will post 8.05 earnings per share for the current year.

Insider Transactions at Jabil

In related news, Director Anousheh Ansari sold 2,000 shares of the firm’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 in the company, valued at $9,540,000. This trade represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Adam E. Berry sold 1,585 shares of Jabil stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $301.23, for a total transaction of $477,449.55. Following the transaction, the senior vice president owned 16,335 shares of the company’s stock, valued at approximately $4,920,592.05. The trade was a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 42,474 shares of company stock valued at $11,652,721. 1.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jabil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Greenline Wealth Management LLC acquired a new position in Jabil during the fourth quarter worth about $28,000. First Horizon Corp acquired a new position in Jabil during the third quarter worth about $30,000. True Wealth Design LLC raised its position in Jabil by 250.0% during the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock worth $30,000 after acquiring an additional 100 shares during the last quarter. Virtus Advisers LLC acquired a new position in Jabil during the fourth quarter worth about $32,000. Finally, DV Equities LLC acquired a new position in Jabil during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Company Profile

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.