Shares of Jabil Inc (NYSE:JBL) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $37.13.
JBL has been the subject of several recent analyst reports. Standpoint Research downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of Jabil from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Bank of America boosted their price objective on shares of Jabil from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Stifel Nicolaus boosted their price objective on shares of Jabil from $30.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, September 25th. Finally, Royal Bank of Canada initiated coverage on shares of Jabil in a research report on Tuesday, November 12th. They set a “sector perform” rating and a $41.00 price objective for the company.
Jabil stock traded down $0.18 during trading on Monday, reaching $38.66. The stock had a trading volume of 1,105,057 shares, compared to its average volume of 1,315,147. Jabil has a 52-week low of $21.49 and a 52-week high of $39.72. The business has a 50 day moving average price of $37.92 and a 200 day moving average price of $31.78. The company has a quick ratio of 0.62, a current ratio of 0.98 and a debt-to-equity ratio of 1.12. The stock has a market cap of $5.93 billion, a PE ratio of 21.36, a P/E/G ratio of 1.30 and a beta of 0.99.
Jabil (NYSE:JBL) last issued its quarterly earnings results on Tuesday, September 24th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. Jabil had a net margin of 1.14% and a return on equity of 15.90%. The company had revenue of $6.57 billion during the quarter, compared to the consensus estimate of $6.63 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. On average, equities analysts predict that Jabil will post 2.49 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.83%. Jabil’s dividend payout ratio is presently 17.68%.
In other news, CEO Michael J. Loparco sold 3,500 shares of Jabil stock in a transaction on Monday, October 28th. The shares were sold at an average price of $37.50, for a total value of $131,250.00. Following the transaction, the chief executive officer now directly owns 214,609 shares of the company’s stock, valued at approximately $8,047,837.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert L. Katz sold 2,933 shares of Jabil stock in a transaction on Monday, October 21st. The shares were sold at an average price of $36.87, for a total transaction of $108,139.71. Following the completion of the transaction, the executive vice president now directly owns 205,669 shares in the company, valued at $7,583,016.03. The disclosure for this sale can be found here. Insiders have sold a total of 363,132 shares of company stock valued at $13,261,199 in the last 90 days. Insiders own 2.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in JBL. Millennium Management LLC increased its holdings in shares of Jabil by 1,471.1% in the 3rd quarter. Millennium Management LLC now owns 1,155,816 shares of the technology company’s stock valued at $41,343,000 after acquiring an additional 1,082,248 shares during the period. APG Asset Management N.V. increased its holdings in shares of Jabil by 271.0% in the 2nd quarter. APG Asset Management N.V. now owns 1,460,500 shares of the technology company’s stock valued at $40,527,000 after acquiring an additional 1,066,800 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Jabil by 80.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,790,319 shares of the technology company’s stock valued at $56,574,000 after acquiring an additional 799,777 shares during the period. BlackRock Inc. increased its holdings in shares of Jabil by 4.9% in the 2nd quarter. BlackRock Inc. now owns 14,301,993 shares of the technology company’s stock valued at $451,943,000 after acquiring an additional 662,350 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Jabil by 75.8% in the 3rd quarter. First Trust Advisors LP now owns 1,274,169 shares of the technology company’s stock valued at $45,577,000 after acquiring an additional 549,272 shares during the period. 89.40% of the stock is currently owned by institutional investors and hedge funds.
Jabil Company Profile
Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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).
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