Jabil (NYSE:JBL) Price Target Raised to $281.00 at Robert W. Baird

Jabil (NYSE:JBLFree Report) had its price objective hoisted by Robert W. Baird from $275.00 to $281.00 in a report issued on Thursday,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Several other equities analysts have also recently weighed in on the company. Stifel Nicolaus lifted their price objective on Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Bank of America increased their price objective on shares of Jabil from $280.00 to $295.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $282.00 price objective on shares of Jabil in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $283.25.

View Our Latest Report on JBL

Jabil Stock Up 2.5%

Shares of NYSE:JBL opened at $265.01 on Thursday. The company has a quick ratio of 0.67, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. The firm has a market cap of $27.98 billion, a P/E ratio of 35.57, a P/E/G ratio of 1.64 and a beta of 1.22. Jabil has a 12 month low of $108.66 and a 12 month high of $281.37. The company’s 50-day moving average price is $252.46 and its two-hundred day moving average price is $227.86.

Jabil (NYSE:JBLGet Free Report) last announced its earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $7.75 billion. During the same period in the prior year, the business earned $1.94 earnings per share. Jabil’s quarterly revenue was up 23.1% on a year-over-year basis. As a group, research analysts forecast that Jabil will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 0.1%. The ex-dividend date was Tuesday, February 17th. Jabil’s dividend payout ratio (DPR) is 4.98%.

Insider Buying and Selling at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $236.25, for a total transaction of $4,725,000.00. Following the transaction, the chairman owned 1,151,459 shares of the company’s stock, valued at $272,032,188.75. The trade was a 1.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Dastoor sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $246.91, for a total value of $3,703,650.00. Following the completion of the sale, the chief executive officer owned 262,566 shares in the company, valued at $64,830,171.06. This represents a 5.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 88,018 shares of company stock valued at $21,347,051 in the last three months. Corporate insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On Jabil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Greenline Wealth Management LLC acquired a new position in shares of Jabil in the fourth quarter valued at $28,000. First Horizon Corp acquired a new stake in shares of Jabil during the 3rd quarter worth about $30,000. True Wealth Design LLC boosted its holdings in shares of Jabil by 250.0% during the 3rd quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock worth $30,000 after buying an additional 100 shares during the period. Virtus Advisers LLC bought a new stake in shares of Jabil during the 4th quarter worth about $32,000. Finally, Traub Capital Management LLC acquired a new position in Jabil in the 2nd quarter valued at about $33,000. 93.39% of the stock is owned by institutional investors.

Jabil News Roundup

Here are the key news stories impacting Jabil this week:

About Jabil

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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.

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Analyst Recommendations for Jabil (NYSE:JBL)

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