Jabil, Inc. (NYSE:JBL) shares reached a new 52-week high of $281.22 during Thursday's trading session. The stock climbed approximately 4.3% following the company's latest financial results and forward-looking guidance.
The technology manufacturer reported quarterly earnings of $2.85 per share. This figure surpassed the analyst consensus estimate of $2.70 per share. Quarterly revenue reached $8.31 billion.
Research firms maintain a consensus Moderate Buy rating on the stock. The average price target stands at $264.14. Some analysts have increased their individual price targets to as high as $283.00.