Jabil (NYSE:JBL) Given New $188.00 Price Target at The Goldman Sachs Group

Jabil (NYSE:JBL) had its price target lifted by investment analysts at The Goldman Sachs Group from $165.00 to $188.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 5.25% from the stock’s previous close.

JBL has been the topic of several other reports. JPMorgan Chase & Co. cut their price target on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. UBS Group upped their target price on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Wall Street Zen raised Jabil from a “hold” rating to a “buy” rating in a research note on Monday, May 19th. Finally, Barclays upped their price objective on Jabil from $184.00 to $206.00 and gave the company an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and a consensus target price of $169.17.

Jabil Price Performance

NYSE JBL opened at $178.63 on Tuesday. The business’s fifty day moving average price is $153.27 and its 200-day moving average price is $150.15. The stock has a market capitalization of $19.17 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.65 and a beta of 1.14. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. Jabil has a 1-year low of $95.85 and a 1-year high of $180.11.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter last year, the company earned $1.68 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts predict that Jabil will post 8.05 earnings per share for the current year.

Insider Buying and Selling

In other news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the sale, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total value of $1,699,000.00. Following the sale, the chief executive officer now directly owns 221,693 shares of the company’s stock, valued at approximately $37,665,640.70. This represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock valued at $7,665,200 in the last three months. 1.73% of the stock is owned by corporate insiders.

Institutional Trading of Jabil

Several hedge funds have recently modified their holdings of the business. First Hawaiian Bank raised its stake in shares of Jabil by 47.9% during the 1st quarter. First Hawaiian Bank now owns 10,647 shares of the technology company’s stock worth $1,449,000 after buying an additional 3,447 shares during the last quarter. Inspire Investing LLC raised its position in shares of Jabil by 52.0% during the 1st quarter. Inspire Investing LLC now owns 17,743 shares of the technology company’s stock worth $2,414,000 after purchasing an additional 6,072 shares during the last quarter. Invst LLC acquired a new position in shares of Jabil during the 1st quarter worth approximately $630,000. Modern Wealth Management LLC raised its position in shares of Jabil by 21.1% during the 1st quarter. Modern Wealth Management LLC now owns 1,762 shares of the technology company’s stock worth $240,000 after purchasing an additional 307 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Jabil in the first quarter worth $26,118,000. 93.39% of the stock is owned by institutional investors and hedge funds.

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).