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

Jabil Inc. (NYSE:JBLGet Rating) has been assigned a consensus rating of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $74.67.

JBL has been the topic of a number of research reports. The Goldman Sachs Group dropped their price target on Jabil from $78.00 to $69.00 and set a “buy” rating on the stock in a research note on Wednesday, June 1st. Citigroup decreased their price objective on Jabil from $90.00 to $80.00 in a report on Friday, June 17th. Finally, Credit Suisse Group started coverage on Jabil in a report on Tuesday, August 16th. They set an “outperform” rating and a $74.00 price objective for the company.

Jabil Stock Down 0.1 %

Shares of NYSE:JBL opened at $59.07 on Thursday. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 0.73 and a beta of 1.40. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.04 and a quick ratio of 0.54. The business’s 50-day moving average is $58.59 and its 200-day moving average is $58.10. Jabil has a 1 year low of $48.80 and a 1 year high of $72.11.

Jabil (NYSE:JBLGet Rating) last announced its quarterly earnings data on Thursday, June 16th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. Jabil had a return on equity of 37.88% and a net margin of 2.69%. The company had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $8.21 billion. During the same period in the previous year, the business earned $1.12 EPS. Equities research analysts predict that Jabil will post 6.59 earnings per share for the current year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Monday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, August 12th. Jabil’s dividend payout ratio (DPR) is 5.50%.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Robert L. Katz sold 9,477 shares of the stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $55.00, for a total transaction of $521,235.00. Following the completion of the transaction, the executive vice president now directly owns 143,680 shares of the company’s stock, valued at $7,902,400. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Jabil news, EVP Robert L. Katz sold 9,477 shares of the stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $55.00, for a total transaction of $521,235.00. Following the sale, the executive vice president now owns 143,680 shares in the company, valued at $7,902,400. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robert L. Katz sold 10,423 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $59.29, for a total value of $617,979.67. Following the sale, the executive vice president now owns 133,257 shares in the company, valued at approximately $7,900,807.53. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,603 shares of company stock valued at $1,341,991. Company insiders own 2.59% of the company’s stock.

Institutional Investors Weigh In On Jabil

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Amundi raised its position in shares of Jabil by 30.6% in the second quarter. Amundi now owns 1,489 shares of the technology company’s stock worth $77,000 after buying an additional 349 shares in the last quarter. Intersect Capital LLC increased its stake in Jabil by 67.2% in the second quarter. Intersect Capital LLC now owns 9,241 shares of the technology company’s stock valued at $473,000 after acquiring an additional 3,714 shares during the last quarter. Verition Fund Management LLC increased its stake in Jabil by 105.7% in the second quarter. Verition Fund Management LLC now owns 292,643 shares of the technology company’s stock valued at $14,986,000 after acquiring an additional 150,360 shares during the last quarter. Sara Bay Financial increased its stake in Jabil by 1.7% in the second quarter. Sara Bay Financial now owns 16,358 shares of the technology company’s stock valued at $842,000 after acquiring an additional 281 shares during the last quarter. Finally, Prelude Capital Management LLC increased its stake in Jabil by 13.4% in the second quarter. Prelude Capital Management LLC now owns 33,051 shares of the technology company’s stock valued at $1,693,000 after acquiring an additional 3,913 shares during the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

Jabil Company Profile

(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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