Jabil (NYSE:JBL) Stock Rating Reaffirmed as Buy by Argus

Jabil (NYSE:JBL)‘s stock had its “buy” rating reiterated by equities research analysts at Argus in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $475.00 price objective on the technology company’s stock. Argus’ target price indicates a potential upside of 56.17% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Bank of America reaffirmed a “buy” rating and set a $470.00 price objective on shares of Jabil in a report on Thursday, June 18th. Stifel Nicolaus set a $460.00 price objective on Jabil and gave the stock a “buy” rating in a report on Thursday, June 18th. Barclays reduced their price objective on Jabil from $426.00 to $378.00 and set an “overweight” rating for the company in a report on Thursday, October 1st. Raymond James Financial lifted their price objective on Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a report on Thursday, June 18th. Finally, Weiss Ratings cut Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $434.22.

Jabil Price Performance

Shares of JBL traded up $3.22 during mid-day trading on Thursday, hitting $304.16. The company’s stock had a trading volume of 258,809 shares, compared to its average volume of 1,224,145. The company has a current ratio of 0.99, a quick ratio of 0.65 and a debt-to-equity ratio of 1.78. The firm has a 50-day simple moving average of $316.68 and a 200 day simple moving average of $326.58. The firm has a market capitalization of $31.87 billion, a P/E ratio of 31.08, a P/E/G ratio of 0.96 and a beta of 1.30. Jabil has a 1-year low of $189.60 and a 1-year high of $428.93.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, September 30th. The technology company reported $4.40 EPS for the quarter, beating the consensus estimate of $4.05 by $0.35. The business had revenue of $10.62 billion during the quarter, compared to analysts’ expectations of $9.69 billion. Jabil had a return on equity of 89.50% and a net margin of 2.90%.The company’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same period last year, the firm earned $3.29 EPS. Jabil has set its Q1 2027 guidance at 3.800-4.200 EPS and its FY 2027 guidance at 17.550-17.550 EPS. Analysts predict that Jabil will post 15.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Jabil

A number of institutional investors have recently made changes to their positions in JBL. Rakuten Securities Inc. acquired a new position in shares of Jabil in the second quarter worth $25,000. Bell Investment Advisors Inc acquired a new position in shares of Jabil in the second quarter worth $35,000. PenderFund Capital Management Ltd. acquired a new position in shares of Jabil in the second quarter worth $44,000. Persistent Asset Partners Ltd acquired a new position in shares of Jabil in the second quarter worth $45,000. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Jabil in the second quarter valued at $46,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Company Profile

Jabil Inc is a global manufacturing services and technology company that helps brands design, manufacture, and manage products and supply chains. Its capabilities include product design and engineering, prototyping, production, assembly, testing, packaging, logistics, and aftermarket services.

The company serves customers across a range of industries, including healthcare, automotive, cloud and data infrastructure, communications, connected devices, industrial equipment, energy, and consumer products.