Bank of America Issues Positive Forecast for Jabil (NYSE:JBL) Stock Price

Jabil (NYSE:JBL) had its price target hoisted by Bank of America from $295.00 to $354.00 in a report released on Monday morning,Benzinga reports. Bank of America currently has a buy rating on the technology company’s stock.

Other analysts have also issued research reports about the stock. Weiss Ratings raised shares of Jabil from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, April 9th. Robert W. Baird raised their price target on shares of Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. Barclays raised their price target on shares of Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Stifel Nicolaus raised their price target on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $282.00 price target on shares of Jabil in a report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $290.63.

Jabil Stock Performance

NYSE JBL opened at $330.53 on Monday. The firm has a market cap of $34.87 billion, a price-to-earnings ratio of 44.37, a PEG ratio of 1.67 and a beta of 1.16. The company has a 50 day moving average of $269.36 and a 200-day moving average of $238.57. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. Jabil has a 1-year low of $127.72 and a 1-year high of $331.82.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.18. The company had revenue of $8.28 billion during the quarter, compared to analyst estimates of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The company’s revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the business posted $1.94 earnings per share. On average, equities analysts forecast that Jabil will post 11.3 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th 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 of this dividend was Tuesday, February 17th. Jabil’s payout ratio is currently 4.30%.

Insider Activity

In other Jabil news, Director Anousheh Ansari sold 2,000 shares of Jabil stock in a transaction on Friday, April 10th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the sale, the director owned 31,800 shares of the company’s stock, valued at approximately $9,540,000. The trade was a 5.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Priestley sold 4,000 shares of Jabil stock in a transaction on Friday, April 10th. The stock was sold at an average price of $301.00, for a total transaction of $1,204,000.00. Following the sale, the executive vice president directly owned 60,267 shares of the company’s stock, valued at $18,140,367. This represents a 6.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 49,234 shares of company stock worth $13,781,491. Corporate insiders own 1.35% of the company’s stock.

Institutional Trading of Jabil

A number of institutional investors have recently bought and sold shares of JBL. Greenline Wealth Management LLC acquired a new stake in Jabil during the 4th quarter worth $28,000. True Wealth Design LLC grew its holdings in 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 acquiring an additional 100 shares during the period. First Horizon Corp acquired a new stake in Jabil during the 3rd quarter worth $30,000. Veracity Capital LLC grew its holdings in Jabil by 4,144.3% during the 4th quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock worth $31,000 after acquiring an additional 3,647 shares during the period. Finally, Virtus Advisers LLC acquired a new stake in Jabil during the 4th quarter worth $32,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

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.