Jabil Inc. (NYSE:JBL) Given Average Rating of “Moderate Buy” by Analysts

Shares of Jabil Inc. (NYSE:JBL) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $143.50.

Several equities analysts have recently commented on the stock. Bank of America boosted their target price on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Stifel Nicolaus upped their target price on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. reduced their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Finally, Barclays boosted their target price on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th.

Insider Activity

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total value of $2,494,000.00. Following the transaction, the director now directly owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Matthew Crowley sold 1,380 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the sale, the executive vice president now directly owns 18,568 shares of the company’s stock, valued at $2,336,411.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total value of $2,494,000.00. Following the completion of the transaction, the director now owns 139,108 shares in the company, valued at approximately $17,346,767.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,689 shares of company stock valued at $5,377,431 in the last ninety days. 2.62% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jabil

Several hedge funds and other institutional investors have recently made changes to their positions in JBL. First Trust Direct Indexing L.P. boosted its position in shares of Jabil by 10.7% during the first quarter. First Trust Direct Indexing L.P. now owns 2,044 shares of the technology company’s stock valued at $274,000 after buying an additional 198 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Jabil by 27.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,635 shares of the technology company’s stock worth $487,000 after acquiring an additional 780 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Jabil by 222.8% in the first quarter. BNP Paribas Financial Markets now owns 132,346 shares of the technology company’s stock valued at $17,728,000 after purchasing an additional 91,347 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Jabil by 3.1% during the first quarter. Nordea Investment Management AB now owns 9,199 shares of the technology company’s stock valued at $1,242,000 after purchasing an additional 278 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Jabil by 8.3% during the first quarter. Daiwa Securities Group Inc. now owns 12,699 shares of the technology company’s stock worth $1,701,000 after purchasing an additional 971 shares during the last quarter. 93.39% of the stock is owned by institutional investors.

Jabil Stock Performance

Shares of NYSE JBL opened at $127.67 on Monday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 1.45 and a beta of 1.24. The stock’s fifty day moving average price is $115.99 and its two-hundred day moving average price is $114.60. Jabil has a one year low of $95.85 and a one year high of $156.94.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter in the previous year, the firm posted $2.34 EPS. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. On average, equities analysts forecast that Jabil will post 7.84 EPS for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. Jabil’s dividend payout ratio (DPR) is currently 2.90%.

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).