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

Jabil Inc. (NYSE:JBL) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $169.17.

A number of research firms have recently issued reports on JBL. JPMorgan Chase & Co. reduced their price target 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. Barclays boosted their price target on shares of Jabil from $184.00 to $206.00 and gave the company an “overweight” rating in a research note on Tuesday, June 10th. UBS Group boosted their price target 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. Wall Street Zen raised shares of Jabil from a “hold” rating to a “buy” rating in a research note on Monday, May 19th. Finally, The Goldman Sachs Group boosted their price target on shares of Jabil from $165.00 to $188.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th.

Jabil Stock Performance

JBL opened at $181.08 on Tuesday. The firm has a market capitalization of $19.44 billion, a PE ratio of 17.36, a PEG ratio of 1.65 and a beta of 1.14. Jabil has a twelve month low of $95.85 and a twelve month high of $182.14. The firm’s 50-day moving average price is $156.76 and its 200 day moving average price is $151.32. 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 issued its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the previous year, the firm earned $1.68 earnings per share. Jabil’s quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that Jabil will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend was Thursday, May 15th. Jabil’s dividend payout ratio is presently 7.66%.

Insider Buying and Selling at Jabil

In other news, CEO Michael Dastoor sold 10,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 221,693 shares in the company, valued at approximately $37,665,640.70. This represents a 4.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $166.75, for a total transaction of $3,335,000.00. Following the sale, the chairman now owns 1,710,192 shares of the company’s stock, valued at approximately $285,174,516. This represents a 1.16% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,000 shares of company stock valued at $7,665,200. Insiders own 1.73% of the company’s stock.

Institutional Trading of Jabil

A number of large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in Jabil during the 4th quarter worth $27,000. Creative Financial Designs Inc. ADV purchased a new position in Jabil during the 1st quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Jabil during the 4th quarter worth $29,000. Harbor Capital Advisors Inc. raised its position in Jabil by 110.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock worth $30,000 after buying an additional 116 shares during the last quarter. Finally, Groupe la Francaise raised its position in Jabil by 35.2% during the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock worth $34,000 after buying an additional 64 shares during the last quarter. 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).