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

Jabil Inc. (NYSE:JBLGet Rating) has earned an average rating of “Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $77.14.

Several research analysts have recently commented on JBL shares. StockNews.com upgraded Jabil from a “buy” rating to a “strong-buy” rating in a report on Friday. Citigroup restated a “top pick” rating and set a $90.00 price target on shares of Jabil in a report on Thursday, March 17th. Finally, Zacks Investment Research upgraded Jabil from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Monday, March 21st.

JBL opened at $56.95 on Monday. Jabil has a one year low of $50.85 and a one year high of $72.11. The company has a fifty day moving average price of $59.04 and a 200-day moving average price of $62.21. The firm has a market capitalization of $8.04 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 0.74 and a beta of 1.42. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.01 and a quick ratio of 0.55.

Jabil (NYSE:JBLGet Rating) last announced its quarterly earnings data on Wednesday, March 16th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.21. The firm had revenue of $7.55 billion for the quarter, compared to analysts’ expectations of $7.44 billion. Jabil had a return on equity of 36.62% and a net margin of 2.63%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $0.99 earnings per share. On average, analysts expect that Jabil will post 6.4 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 2nd. Shareholders of record on Tuesday, February 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, February 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.56%. Jabil’s dividend payout ratio (DPR) is 5.90%.

In other Jabil news, EVP Bruce Allan Johnson sold 11,000 shares of the stock in a transaction on Tuesday, January 18th. The stock was sold at an average price of $69.01, for a total transaction of $759,110.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark T. Mondello sold 12,000 shares of Jabil stock in a transaction on Monday, April 4th. The stock was sold at an average price of $62.20, for a total value of $746,400.00. Following the completion of the sale, the chief executive officer now directly owns 2,055,589 shares of the company’s stock, valued at approximately $127,857,635.80. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock worth $2,251,430 in the last quarter. Company insiders own 2.59% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Jabil by 1.1% in the fourth quarter. BlackRock Inc. now owns 12,313,344 shares of the technology company’s stock worth $866,242,000 after purchasing an additional 138,430 shares during the last quarter. State Street Corp increased its position in Jabil by 0.3% during the fourth quarter. State Street Corp now owns 4,327,142 shares of the technology company’s stock valued at $304,414,000 after acquiring an additional 13,972 shares during the last quarter. Geode Capital Management LLC increased its position in Jabil by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 1,861,471 shares of the technology company’s stock valued at $130,970,000 after acquiring an additional 76,657 shares during the last quarter. Boston Partners increased its position in Jabil by 3.5% during the third quarter. Boston Partners now owns 1,724,803 shares of the technology company’s stock valued at $100,710,000 after acquiring an additional 58,015 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Jabil by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 1,609,163 shares of the technology company’s stock valued at $93,927,000 after acquiring an additional 55,690 shares during the last quarter. Hedge funds and other institutional investors own 88.15% of the company’s stock.

About Jabil (Get Rating)

Jabil Inc provides manufacturing services and solutions worldwide. The company operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides electronic 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).

Further Reading

Analyst Recommendations for Jabil (NYSE:JBL)

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