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

Jabil Inc. (NYSE:JBL) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $143.50.

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

Jabil Stock Up 0.5 %

Shares of NYSE:JBL opened at $133.33 on Friday. The stock has a 50-day simple moving average of $125.42 and a 200-day simple moving average of $116.15. The stock has a market capitalization of $15.05 billion, a P/E ratio of 12.10, a PEG ratio of 1.58 and a beta of 1.24. Jabil has a 1 year low of $95.85 and a 1 year high of $156.94. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09.

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

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Friday, November 15th. Jabil’s payout ratio is 2.90%.

Insider Activity

In related news, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the transaction, the senior vice president now owns 41,507 shares in the company, valued at $5,051,816.97. This trade represents a 22.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the company’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 completion of the sale, the director now owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,689 shares of company stock valued at $5,377,431. Insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Jabil

Several hedge funds have recently made changes to their positions in JBL. Tidal Investments LLC grew its holdings in shares of Jabil by 39.7% in the 1st quarter. Tidal Investments LLC now owns 14,282 shares of the technology company’s stock worth $1,913,000 after acquiring an additional 4,056 shares during the last quarter. Comerica Bank increased its stake in Jabil by 68.5% in the 1st quarter. Comerica Bank now owns 42,709 shares of the technology company’s stock worth $5,721,000 after purchasing an additional 17,355 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in Jabil during the 1st quarter worth about $233,000. Swedbank AB purchased a new stake in Jabil during the first quarter valued at about $5,680,000. Finally, Atria Investments Inc boosted its holdings in shares of Jabil by 11.2% in the first quarter. Atria Investments Inc now owns 12,051 shares of the technology company’s stock worth $1,614,000 after buying an additional 1,211 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

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).