Jabil (NYSE:JBL) Price Target Raised to $267.00 at Barclays

Jabil (NYSE:JBL) had its target price hoisted by Barclays from $223.00 to $267.00 in a research note published on Friday morning, Marketbeat Ratings reports. The firm currently has an overweight rating on the technology company’s stock.

Other analysts also recently issued research reports about the stock. Bank of America increased their target price on shares of Jabil from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, June 20th. JPMorgan Chase & Co. increased their target price on shares of Jabil from $214.00 to $256.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Raymond James Financial set a $260.00 target price on shares of Jabil in a report on Thursday. Zacks Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Finally, Argus upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Jabil presently has an average rating of “Moderate Buy” and a consensus target price of $243.71.

Jabil Stock Performance

JBL opened at $216.19 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.64 and a debt-to-equity ratio of 1.57. The company’s fifty day moving average price is $216.57 and its two-hundred day moving average price is $184.13. Jabil has a 1-year low of $108.66 and a 1-year high of $237.14. The company has a market cap of $23.20 billion, a price-to-earnings ratio of 36.27, a PEG ratio of 1.24 and a beta of 1.25.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, August 15th. Jabil’s dividend payout ratio (DPR) is 6.21%.

Insider Buying and Selling at Jabil

In related news, EVP Frederic E. Mccoy sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $223.55, for a total transaction of $1,005,975.00. Following the completion of the sale, the executive vice president owned 124,203 shares in the company, valued at approximately $27,765,580.65. This trade represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $200.02, for a total transaction of $4,000,400.00. Following the transaction, the chairman owned 1,400,190 shares of the company’s stock, valued at $280,066,003.80. This represents a 1.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,416 shares of company stock valued at $18,625,639 in the last three months. 1.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jabil

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GFG Capital LLC bought a new position in Jabil during the second quarter worth about $26,000. Traub Capital Management LLC bought a new position in Jabil during the second quarter worth about $33,000. Assetmark Inc. boosted its position in Jabil by 45.8% during the second quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock worth $34,000 after purchasing an additional 49 shares during the period. Westside Investment Management Inc. boosted its position in Jabil by 757.1% during the second quarter. Westside Investment Management Inc. now owns 180 shares of the technology company’s stock worth $39,000 after purchasing an additional 159 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in Jabil by 45.4% during the second quarter. Hantz Financial Services Inc. now owns 189 shares of the technology company’s stock worth $41,000 after purchasing an additional 59 shares during the period. Institutional investors own 93.39% of the company’s stock.

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).