Jabil Inc. (NYSE:JBL) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Jabil Inc. (NYSE:JBL) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $153.17.

A number of equities research analysts have issued reports on the stock. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Barclays increased their target price on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. The Goldman Sachs Group lifted their price target on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Bank of America increased their price objective on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th.

Insider Transactions at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the transaction, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Matthew Crowley sold 2,271 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $123.54, for a total value of $280,559.34. Following the sale, the executive vice president now owns 15,564 shares in the company, valued at approximately $1,922,776.56. This trade represents a 12.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 62,309 shares of company stock valued at $8,354,226. 1.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jabil

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new position in shares of Jabil in the third quarter valued at about $32,000. Brooklyn Investment Group acquired a new stake in Jabil in the 3rd quarter valued at about $39,000. Matrix Trust Co increased its position in Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after acquiring an additional 214 shares in the last quarter. Armstrong Advisory Group Inc. raised its stake in shares of Jabil by 114.0% in the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after acquiring an additional 228 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of Jabil by 945.7% during the third quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock worth $58,000 after purchasing an additional 435 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Up 0.7 %

JBL opened at $162.94 on Friday. The company has a market capitalization of $17.79 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.61 and a beta of 1.23. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $164.25. The business has a 50-day moving average of $140.74 and a 200-day moving average of $123.16.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same quarter last year, the firm earned $2.60 earnings per share. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. Equities research analysts forecast that Jabil will post 8.02 EPS for the current fiscal year.

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).