Jabil (NYSE:JBL) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Jabil (NYSE:JBL) from a buy rating to a hold rating in a research report report published on Monday.

A number of other research analysts also recently issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Bank of America increased their price objective on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Barclays boosted their target price on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. UBS Group raised their price objective on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group upped their target price on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $153.17.

Jabil Stock Performance

Shares of Jabil stock opened at $158.25 on Monday. The company has a market cap of $17.68 billion, a P/E ratio of 14.36, a PEG ratio of 1.58 and a beta of 1.23. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The business has a 50-day moving average price of $139.30 and a two-hundred day moving average price of $122.25. Jabil has a 1-year low of $95.85 and a 1-year high of $159.60.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $6.61 billion. During the same quarter last year, the firm posted $2.60 earnings per share. The firm’s revenue was down 16.6% on a year-over-year basis. As a group, analysts anticipate that Jabil will post 7.89 EPS for the current year.

Insiders Place Their Bets

In other Jabil news, EVP Matthew Crowley sold 1,380 shares of Jabil stock in a transaction on Friday, October 18th. The shares were sold at an average price of $125.83, for a total transaction of $173,645.40. Following the transaction, the executive vice president now directly owns 18,568 shares of the company’s stock, valued at $2,336,411.44. The trade was a 6.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,689 shares of company stock valued at $8,527,871. Corporate insiders own 1.73% of the company’s stock.

Hedge Funds Weigh In On Jabil

Several hedge funds have recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Jabil by 6.0% during the third quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock valued at $195,000 after acquiring an additional 90 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in Jabil by 2.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock valued at $387,000 after purchasing an additional 91 shares during the period. Gateway Investment Advisers LLC increased its position in shares of Jabil by 3.5% during the 3rd quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company’s stock valued at $376,000 after purchasing an additional 105 shares during the last quarter. Richard P Slaughter Associates Inc raised its stake in shares of Jabil by 0.7% during the 3rd quarter. Richard P Slaughter Associates Inc now owns 17,624 shares of the technology company’s stock worth $2,112,000 after purchasing an additional 120 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in shares of Jabil by 4.9% in the 3rd quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company’s stock worth $309,000 after buying an additional 120 shares during the last quarter. Institutional investors 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).