Jabil Inc. (NYSE:JBL) Receives $142.63 Average PT from Brokerages

Shares of Jabil Inc. (NYSE:JBL) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $142.63.

A number of research firms have issued reports on JBL. JPMorgan Chase & Co. cut their price objective on shares of Jabil from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, June 17th. UBS Group reduced their price objective on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Barclays decreased their price objective on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, June 21st. Bank of America cut their target price on Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, June 21st. Finally, StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd.

Jabil Price Performance

JBL stock opened at $112.67 on Friday. Jabil has a 1 year low of $100.18 and a 1 year high of $156.94. The stock has a market capitalization of $12.78 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.27. The company’s 50-day moving average is $114.62 and its 200-day moving average is $125.12. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, June 20th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.53 billion. Jabil had a net margin of 4.63% and a return on equity of 40.30%. Jabil’s quarterly revenue was down 20.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.85 EPS. Equities research analysts expect that Jabil will post 7.86 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.32 annualized dividend and a yield of 0.28%. Jabil’s payout ratio is 2.91%.

Insider Buying and Selling at Jabil

In other news, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $116.42, for a total transaction of $145,525.00. Following the transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP May Yee Yap sold 4,274 shares of Jabil stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following the completion of the transaction, the senior vice president now directly owns 24,829 shares in the company, valued at approximately $2,905,986.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Frederic E. Mccoy sold 1,250 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $116.42, for a total transaction of $145,525.00. Following the sale, the executive vice president now directly owns 112,753 shares in the company, valued at approximately $13,126,704.26. The disclosure for this sale can be found here. 2.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jabil

Several hedge funds have recently made changes to their positions in JBL. Benjamin Edwards Inc. purchased a new position in Jabil during the 1st quarter valued at about $25,000. Activest Wealth Management bought a new stake in Jabil during the 1st quarter worth approximately $28,000. Alaska Permanent Fund Corp purchased a new stake in Jabil in the 4th quarter worth approximately $29,000. ORG Partners LLC bought a new position in Jabil in the 1st quarter valued at $29,000. Finally, Innealta Capital LLC purchased a new position in shares of Jabil during the 2nd quarter valued at $31,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

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).