Shares of Jabil Inc. (NYSE:JBL – Get Free Report) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $139.88.
Several equities analysts have commented on JBL shares. UBS Group lowered their price objective on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Barclays lowered their price target on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Stifel Nicolaus cut their price objective on shares of Jabil from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday. Bank of America lowered their target price on shares of Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a report on Friday, June 21st. Finally, JPMorgan Chase & Co. dropped their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd.
Check Out Our Latest Stock Analysis on Jabil
Insiders Place Their Bets
Institutional Investors Weigh In On Jabil
A number of large investors have recently made changes to their positions in JBL. Vanguard Group Inc. grew its position in shares of Jabil by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company’s stock valued at $1,919,948,000 after acquiring an additional 1,427,429 shares during the period. Primecap Management Co. CA increased its position in Jabil by 3.0% in the second quarter. Primecap Management Co. CA now owns 3,682,875 shares of the technology company’s stock worth $400,660,000 after buying an additional 107,800 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Jabil by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,636,737 shares of the technology company’s stock worth $178,058,000 after buying an additional 106,808 shares in the last quarter. Norges Bank purchased a new stake in Jabil in the fourth quarter worth about $192,964,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Jabil by 29.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock valued at $150,463,000 after buying an additional 310,590 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.
Jabil Stock Performance
Shares of JBL opened at $110.86 on Friday. The company has a 50-day simple moving average of $107.17 and a two-hundred day simple moving average of $118.19. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74. The firm has a market capitalization of $12.58 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. Jabil has a one year low of $95.85 and a one year high of $156.94.
Jabil (NYSE:JBL – Get Free Report) last released its 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 company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.53 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.85 EPS. On average, analysts anticipate that Jabil will post 7.86 EPS for the current fiscal year.
Jabil Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.32 annualized dividend and a yield of 0.29%. Jabil’s dividend payout ratio is 2.91%.
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).
Featured Articles
- Five stocks we like better than Jabil
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Edgewise Therapeutics Soars 50%: Key Reasons Behind the Surge
- Breakout Stocks: What They Are and How to Identify Them
- How the Fed’s Rate Cut Could Supercharge These 3 ETFs
- How to Evaluate a Stock Before Buying
- Microsoft Stock: 3 Reasons It’s Ready to Crush Q4
Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.