Bank of America Forecasts Strong Price Appreciation for Jabil (NYSE:JBL) Stock

by · The Cerbat Gem

Jabil (NYSE:JBL – Get Free Report) had its price target upped by Bank of America from $255.00 to $262.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Bank of America‘s target price would suggest a potential upside of 14.87% from the stock’s previous close.

Several other equities analysts have also recently issued reports on JBL. Raymond James Financial set a $260.00 target price on shares of Jabil in a research note on Thursday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Jabil in a research note on Tuesday, October 14th. Barclays lifted their price objective on Jabil from $223.00 to $267.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. UBS Group set a $241.00 target price on Jabil in a research note on Sunday, September 28th. Finally, Wall Street Zen raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $249.43.

Get Our Latest Research Report on JBL

Jabil Stock Performance

JBL stock opened at $228.08 on Wednesday. Jabil has a 1-year low of $108.66 and a 1-year high of $237.14. The business has a 50-day moving average price of $209.03 and a 200 day moving average price of $209.03. The company has a market capitalization of $24.37 billion, a P/E ratio of 38.27, a PEG ratio of 1.60 and a beta of 1.26. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.00 and a quick ratio of 0.66.

Jabil (NYSE:JBL – Get Free Report) last released its quarterly earnings results on Thursday, September 25th. The technology company reported $3.29 EPS for the quarter, topping the consensus estimate of $2.92 by $0.37. The firm had revenue of $8.25 billion during the quarter, compared to analyst estimates of $7.63 billion. Jabil had a return on equity of 68.63% and a net margin of 2.20%.The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.30 EPS. Jabil has set its Q1 2026 guidance at 2.470-2.870 EPS and its FY 2026 guidance at 11.000-11.000 EPS. As a group, equities research analysts forecast that Jabil will post 8.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP May Yee Yap sold 8,858 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $225.03, for a total transaction of $1,993,315.74. Following the sale, the senior vice president directly owned 25,421 shares in the company, valued at approximately $5,720,487.63. This represents a 25.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matthew Crowley sold 3,877 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $202.59, for a total transaction of $785,441.43. Following the transaction, the executive vice president owned 58,736 shares of the company’s stock, valued at $11,899,326.24. This trade represents a 6.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 131,762 shares of company stock worth $28,129,921 over the last 90 days. 1.73% of the stock is owned by insiders.

Institutional Trading of Jabil

A number of institutional investors have recently bought and sold shares of JBL. Norges Bank acquired a new stake in shares of Jabil during the 2nd quarter worth about $323,338,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Jabil by 1,157.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock worth $315,964,000 after buying an additional 1,339,247 shares during the last quarter. Boston Partners boosted its holdings in shares of Jabil by 224.4% in the 2nd quarter. Boston Partners now owns 1,898,681 shares of the technology company’s stock valued at $414,119,000 after buying an additional 1,313,338 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Jabil by 12.9% in the 1st quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company’s stock valued at $892,096,000 after buying an additional 747,423 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Jabil by 107.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,319,675 shares of the technology company’s stock worth $286,594,000 after acquiring an additional 682,899 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

About Jabil

(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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