Jabil (NYSE:JBL) Price Target Raised to $255.00 at Bank of America

Jabil (NYSE:JBL) had its target price raised by Bank of America from $245.00 to $255.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other equities analysts have also issued reports on the company. Raymond James Financial set a $260.00 price target on Jabil in a research note on Thursday. The Goldman Sachs Group lifted their price target on Jabil from $188.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, June 18th. UBS Group lifted their price target on Jabil from $157.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, June 18th. Barclays lifted their price target on Jabil from $223.00 to $267.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $243.71.

Jabil Price Performance

Shares of NYSE JBL opened at $216.19 on Friday. Jabil has a fifty-two week low of $108.66 and a fifty-two week high of $237.14. The business has a fifty day moving average price of $216.57 and a two-hundred day moving average price of $184.85. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.00 and a quick ratio of 0.66. The stock has a market capitalization of $23.20 billion, a PE ratio of 36.27, a P/E/G ratio of 1.27 and a beta of 1.25.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were given a dividend of $0.08 per share. The ex-dividend date was Friday, August 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s payout ratio is currently 5.37%.

Insider Buying and Selling at Jabil

In related news, Director Anousheh Ansari sold 1,000 shares of the business’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $222.75, for a total transaction of $222,750.00. Following the sale, the director owned 36,400 shares in the company, valued at $8,108,100. The trade was a 2.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven A. Raymund sold 13,432 shares of the company’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $223.11, for a total value of $2,996,813.52. Following the completion of the sale, the director owned 86,396 shares in the company, valued at $19,275,811.56. This trade represents a 13.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,416 shares of company stock worth $18,625,639 over the last three months. 1.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jabil

Institutional investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC raised its position in shares of Jabil by 1.2% in the second quarter. Ashton Thomas Private Wealth LLC now owns 4,120 shares of the technology company’s stock worth $899,000 after acquiring an additional 48 shares during the period. Assetmark Inc. raised its position in shares of Jabil by 45.8% in the second quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock worth $34,000 after acquiring an additional 49 shares during the period. AlphaCore Capital LLC raised its position in shares of Jabil by 1.8% in the second quarter. AlphaCore Capital LLC now owns 3,263 shares of the technology company’s stock worth $712,000 after acquiring an additional 57 shares during the period. Hantz Financial Services Inc. raised its position in shares of Jabil by 45.4% in the second quarter. Hantz Financial Services Inc. now owns 189 shares of the technology company’s stock worth $41,000 after acquiring an additional 59 shares during the period. Finally, Mather Group LLC. raised its position in shares of Jabil by 5.4% in the second quarter. Mather Group LLC. now owns 1,186 shares of the technology company’s stock worth $259,000 after acquiring an additional 61 shares during the period. Institutional investors own 93.39% of the company’s stock.

About Jabil

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).