Stifel Nicolaus Issues Positive Forecast for Jabil (NYSE:JBL) Stock Price

Jabil (NYSE:JBLFree Report) had its price objective lifted by Stifel Nicolaus from $255.00 to $290.00 in a report published on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company’s stock.

Other analysts have also issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a research report on Friday, January 9th. UBS Group boosted their target price on Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. Zacks Research cut Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. JPMorgan Chase & Co. raised their price target on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $282.00 price target on shares of Jabil in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $283.25.

Read Our Latest Report on Jabil

Jabil Trading Up 2.5%

Shares of JBL opened at $265.01 on Thursday. Jabil has a fifty-two week low of $108.66 and a fifty-two week high of $281.37. The firm has a market cap of $27.98 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 1.64 and a beta of 1.22. The firm has a 50 day moving average price of $252.46 and a 200-day moving average price of $227.86. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.67 and a current ratio of 1.01.

Jabil (NYSE:JBLGet Free Report) last released its earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.51 by $0.18. The company had revenue of $8.28 billion for 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 firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.94 EPS. As a group, equities research analysts forecast that Jabil will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given 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 presently 4.98%.

Insiders Place Their Bets

In other news, CEO Michael Dastoor sold 15,000 shares of the firm’s stock in a transaction dated 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 directly owned 262,566 shares of the company’s stock, valued at approximately $64,830,171.06. This trade represents a 5.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $236.25, for a total transaction of $4,725,000.00. Following the sale, the chairman directly owned 1,151,459 shares in the company, valued at $272,032,188.75. The trade was a 1.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 88,018 shares of company stock worth $21,347,051. Company insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Greenline Wealth Management LLC bought a new position in shares of Jabil in the 4th quarter worth approximately $28,000. True Wealth Design LLC boosted its position in shares of Jabil by 250.0% during the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock valued at $30,000 after purchasing an additional 100 shares in the last quarter. First Horizon Corp bought a new stake in shares of Jabil during the third quarter valued at approximately $30,000. Veracity Capital LLC grew its stake in Jabil by 4,144.3% in the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock worth $31,000 after purchasing an additional 3,647 shares during the period. Finally, Virtus Advisers LLC purchased a new stake in Jabil in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil News Roundup

Here are the key news stories impacting Jabil this week:

Jabil Company Profile

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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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