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

Shares of Jabil Inc. (NYSE:JBL) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $153.17.

Several equities analysts have recently commented on the company. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Barclays raised their price objective on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. UBS Group raised their target price on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group upped their price target on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th.

Insider Activity

In other news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares in the company, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock valued at $12,804,458 over the last ninety days. 1.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC acquired a new stake in shares of Jabil during the 3rd quarter valued at about $471,000. Sound Income Strategies LLC lifted its position in shares of Jabil by 945.7% during the 3rd quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock valued at $58,000 after buying an additional 435 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of Jabil by 114.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock valued at $51,000 after buying an additional 228 shares in the last quarter. Creative Planning lifted its position in shares of Jabil by 33.0% during the 3rd quarter. Creative Planning now owns 46,548 shares of the technology company’s stock valued at $5,578,000 after buying an additional 11,538 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of Jabil by 2.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 5,895 shares of the technology company’s stock valued at $706,000 after buying an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Stock Up 0.6 %

NYSE JBL opened at $167.48 on Wednesday. The company has a market capitalization of $18.29 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.64 and a beta of 1.23. The stock’s 50 day moving average is $151.89 and its two-hundred day moving average is $129.62. Jabil has a 1-year low of $95.85 and a 1-year high of $174.80. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.60 earnings per share. Equities analysts forecast that Jabil will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.19%. Jabil’s payout ratio is presently 3.07%.

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).