StockNews.com Downgrades Jabil (NYSE:JBL) to Hold

Jabil (NYSE:JBL) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

JBL has been the subject of a number of other research reports. The Goldman Sachs Group upped their price objective on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Stifel Nicolaus raised their price target on shares of Jabil from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Argus lowered Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Barclays decreased their target price on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. dropped their price target on Jabil from $150.00 to $146.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 29th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.50.

Jabil Price Performance

Shares of NYSE JBL opened at $135.91 on Tuesday. The company has a market capitalization of $17.33 billion, a PE ratio of 11.67, a PEG ratio of 1.40 and a beta of 1.41. The company has a quick ratio of 0.73, a current ratio of 1.12 and a debt-to-equity ratio of 1.13. The stock’s 50 day moving average price is $135.95 and its 200-day moving average price is $128.48. Jabil has a twelve month low of $75.48 and a twelve month high of $156.94.

Insider Transactions at Jabil

In related news, Director David M. Stout sold 31,300 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the completion of the transaction, the director now owns 67,300 shares of the company’s stock, valued at $8,285,976. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Steven D. Borges sold 14,175 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $1,842,750.00. Following the completion of the transaction, the chief executive officer now owns 103,086 shares of the company’s stock, valued at $13,401,180. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David M. Stout sold 31,300 shares of Jabil stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the sale, the director now owns 67,300 shares of the company’s stock, valued at $8,285,976. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 105,658 shares of company stock valued at $13,316,271. 2.62% of the stock is currently owned by corporate insiders.

Institutional Trading of Jabil

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Alaska Permanent Fund Corp purchased a new stake in Jabil during the fourth quarter valued at about $29,000. Bessemer Group Inc. raised its holdings in shares of Jabil by 87.2% during the 2nd quarter. Bessemer Group Inc. now owns 234 shares of the technology company’s stock valued at $26,000 after buying an additional 109 shares in the last quarter. Pacific Capital Wealth Advisors Inc. bought a new stake in Jabil in the 4th quarter worth approximately $32,000. CVA Family Office LLC purchased a new stake in Jabil in the fourth quarter worth approximately $36,000. Finally, Valley National Advisers Inc. bought a new position in Jabil during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

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).