Jabil (NYSE:JBL) Sets New 52-Week High Following Analyst Upgrade

Jabil, Inc. (NYSE:JBL)’s stock price reached a new 52-week high during trading 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. The stock had previously closed at $321.69.

Other equities research analysts have also issued reports about the company. Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. UBS Group boosted their price objective on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. boosted their price objective on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $282.00 price objective on shares of Jabil in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $290.63.

Insiders Place Their Bets

In other news, SVP May Yee Yap sold 1,634 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $306.74, for a total value of $501,213.16. Following the completion of the sale, the senior vice president directly owned 23,787 shares in the company, valued at $7,296,424.38. This represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anousheh Ansari sold 2,000 shares of the company’s stock in a transaction that occurred on 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. This trade represents a 5.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 49,234 shares of company stock valued at $13,781,491. Insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Jabil

A number of large investors have recently made changes to their positions in JBL. Integrated Wealth Concepts LLC lifted its holdings in Jabil by 34.4% in the first quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock valued at $382,000 after acquiring an additional 720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Jabil by 70.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock valued at $2,493,000 after acquiring an additional 7,602 shares during the last quarter. Focus Partners Wealth lifted its holdings in Jabil by 20.0% in the first quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock valued at $676,000 after acquiring an additional 829 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Jabil by 50.0% in the first quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock valued at $79,000 after acquiring an additional 194 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Jabil in the second quarter valued at approximately $488,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Stock Up 2.7%

The stock has a market capitalization 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 business has a fifty day moving average of $269.36 and a 200 day moving average of $238.57. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The firm had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the prior year, the firm posted $1.94 earnings per share. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. As a group, equities analysts predict that Jabil, Inc. will post 11.3 earnings per share for the current year.

Jabil Announces Dividend

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

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.