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

Jabil Inc. (NYSE:JBL) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $158.50.

A number of research firms have commented on JBL. Wall Street Zen upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research note on Monday. UBS Group increased their price objective on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. reduced their price objective on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group reduced their price objective on shares of Jabil from $175.00 to $146.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, Barclays increased their price objective on shares of Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday, March 21st.

Jabil Price Performance

Shares of JBL stock opened at $164.96 on Friday. The company has a market capitalization of $17.71 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. The firm has a fifty day simple moving average of $143.90 and a 200-day simple moving average of $146.30. 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 has a twelve month low of $95.85 and a twelve month high of $174.80.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 earnings per share. Equities research analysts anticipate that Jabil will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. Jabil’s payout ratio is currently 7.66%.

Insider Transactions at Jabil

In other news, CEO Michael Dastoor sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total value of $1,699,000.00. Following the transaction, the chief executive officer now directly owns 221,693 shares in the company, valued at approximately $37,665,640.70. This trade represents a 4.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the sale, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.73% of the company’s stock.

Institutional Trading of Jabil

Several hedge funds have recently bought and sold shares of JBL. Wellington Management Group LLP lifted its position in Jabil by 70,781.4% in the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock valued at $835,876,000 after purchasing an additional 5,800,535 shares during the last quarter. Norges Bank bought a new stake in Jabil in the 4th quarter valued at about $218,430,000. Point72 Asset Management L.P. lifted its position in Jabil by 1,007.6% in the 4th quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company’s stock valued at $138,954,000 after purchasing an additional 878,444 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Jabil by 119.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,215,678 shares of the technology company’s stock valued at $165,417,000 after purchasing an additional 662,938 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Jabil during the 1st quarter valued at about $81,378,000. 93.39% of the stock is currently owned by institutional investors.

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).