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

Shares of Jabil Inc. (NYSE:JBL) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $153.17.

A number of equities analysts have recently issued reports on JBL shares. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. StockNews.com downgraded shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 19th. UBS Group upped their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Bank of America lifted their price objective on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. lowered their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd.

Insider Activity at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 139,108 shares in the company, valued at approximately $17,346,767.60. This represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the sale, the senior vice president now directly owns 41,507 shares in the company, valued at approximately $5,051,816.97. The trade was a 22.07 % 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. Company insiders own 1.73% of the company’s stock.

Institutional Trading of Jabil

Several institutional investors have recently made changes to their positions in the stock. HHM Wealth Advisors LLC acquired a new position in Jabil in the second quarter valued at $28,000. Capital Performance Advisors LLP purchased a new position in shares of Jabil in the 3rd quarter worth about $32,000. Innealta Capital LLC acquired a new position in shares of Jabil in the 2nd quarter valued at about $31,000. Brooklyn Investment Group purchased a new stake in shares of Jabil during the 3rd quarter worth about $39,000. Finally, Matrix Trust Co raised its holdings in Jabil by 135.4% in the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after buying an additional 214 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Trading Down 1.2 %

NYSE JBL opened at $145.92 on Tuesday. Jabil has a 52-week low of $95.85 and a 52-week high of $156.94. The firm has a 50-day moving average price of $133.31 and a 200 day moving average price of $119.43. The stock has a market capitalization of $16.30 billion, a P/E ratio of 13.24, a P/E/G ratio of 1.58 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same period in the prior year, the business posted $2.60 EPS. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. Equities research analysts expect that Jabil will post 7.89 EPS for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Jabil Company Profile

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).