Shares of Jabil Inc (NYSE:JBL) have earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $38.63.
A number of brokerages have weighed in on JBL. Argus boosted their price objective on Jabil from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Stifel Nicolaus boosted their price objective on Jabil from $34.00 to $43.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Royal Bank of Canada boosted their price objective on Jabil to $44.00 and gave the company a “market perform” rating in a research note on Wednesday, December 18th. Standpoint Research cut Jabil from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Jabil from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th.
In other Jabil news, SVP Daryn G. Smith sold 11,748 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $39.48, for a total value of $463,811.04. Following the completion of the sale, the senior vice president now owns 176,588 shares in the company, valued at $6,971,694.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Sergio Cadavid sold 610 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $44.00, for a total value of $26,840.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 355,361 shares of company stock valued at $14,135,150. 2.81% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Private Capital Group LLC raised its stake in shares of Jabil by 1,804.5% during the second quarter. Private Capital Group LLC now owns 1,276 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,209 shares during the last quarter. Psagot Investment House Ltd. purchased a new stake in shares of Jabil during the third quarter worth approximately $53,000. Doyle Wealth Management purchased a new stake in shares of Jabil during the second quarter worth approximately $93,000. Tower Research Capital LLC TRC raised its stake in shares of Jabil by 78.9% during the third quarter. Tower Research Capital LLC TRC now owns 3,007 shares of the technology company’s stock worth $108,000 after purchasing an additional 1,326 shares during the last quarter. Finally, Point72 Hong Kong Ltd raised its stake in shares of Jabil by 134.2% during the second quarter. Point72 Hong Kong Ltd now owns 3,689 shares of the technology company’s stock worth $117,000 after purchasing an additional 2,114 shares during the last quarter. Institutional investors and hedge funds own 89.60% of the company’s stock.
JBL stock opened at $43.12 on Tuesday. The business has a 50 day moving average price of $40.82 and a 200 day moving average price of $34.85. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 1.60 and a beta of 1.00. Jabil has a fifty-two week low of $24.50 and a fifty-two week high of $44.20. The company has a quick ratio of 0.62, a current ratio of 0.97 and a debt-to-equity ratio of 1.33.
Jabil (NYSE:JBL) last posted its earnings results on Tuesday, December 17th. The technology company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.11. The firm had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $6.92 billion. Jabil had a return on equity of 10.91% and a net margin of 0.78%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 earnings per share. As a group, sell-side analysts anticipate that Jabil will post 2.24 EPS for the current year.
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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