1 day Ago By ABMN Staff
Jabil ( NYSE:JBL – Get Free Report ) had its target price lowered by investment analysts at Stifel Nicolaus from $135.00 to $130.00 in a research report issued to clients and investors on Tuesday, Benzinga reports.
The firm presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target points to a potential upside of 20.54% from the company’s previous close.
JBL has been the subject of several other research reports. Barclays decreased their price target on shares of Jabil from $149.00 to $135.
00 and set an “overweight” rating for the company in a report on Friday, June 21st. UBS Group decreased their price target on shares of Jabil from $130.00 to $120.
00 and set a “neutral” rating for the company in a report on Friday, June 21st. JPMorgan Chase & Co. reduced their target price on shares of Jabil from $137.
00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Finally, Bank of America reduced their target price on shares of Jabil from $150.
00 to $135.00 and set a “buy” rating for the company in a research note on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock.
Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $139.88. View Our Latest Report on Jabil Jabil Stock Performance Jabil ( NYSE:JBL – Get Free Report ) last posted its earnings results on Thursday, June 20th.
The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.
04. Jabil had a net margin of 4.63% and a return on equity of 40.
30%. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.
53 billion. During the same period last year, the business posted $1.85 earnings per share.
The business’s revenue for the quarter was down 20.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Jabil will post 7.
86 earnings per share for the current year. Insiders Place Their Bets In other news, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction dated Monday, July 15th.
The shares were sold at an average price of $116.42, for a total value of $145,525.00.
Following the sale, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website .
In other Jabil news, SVP May Yee Yap sold 4,274 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.
96. Following the transaction, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16.
The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . Also, EVP Frederic E. Mccoy sold 1,250 shares of the stock in a transaction dated Monday, July 15th.
The shares were sold at an average price of $116.42, for a total transaction of $145,525.00.
Following the completion of the transaction, the executive vice president now directly owns 112,753 shares in the company, valued at $13,126,704.26. The disclosure for this sale can be found here .
Insiders own 2.62% of the company’s stock. Institutional Inflows and Outflows Large investors have recently bought and sold shares of the stock.
Wells Fargo & Company MN raised its holdings in Jabil by 13.0% in the 4th quarter. Wells Fargo & Company MN now owns 154,314 shares of the technology company’s stock valued at $19,660,000 after acquiring an additional 17,766 shares during the period.
Artisan Partners Limited Partnership boosted its position in shares of Jabil by 36.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,339,559 shares of the technology company’s stock worth $170,660,000 after acquiring an additional 359,818 shares in the last quarter.
Cetera Investment Advisers boosted its position in shares of Jabil by 141.7% during the 1st quarter. Cetera Investment Advisers now owns 17,350 shares of the technology company’s stock worth $2,324,000 after acquiring an additional 10,173 shares in the last quarter.
Allspring Global Investments Holdings LLC lifted its stake in Jabil by 30.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 331,373 shares of the technology company’s stock valued at $44,387,000 after purchasing an additional 76,573 shares during the last quarter.
Finally, Tobam bought a new position in Jabil in the 1st quarter valued at approximately $1,692,000. 93.39% of the stock is owned by institutional investors.
Jabil Company Profile ( Get Free Report ) 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).
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