Jabil Inc. (NYSE:JBL – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $153.17.
A number of analysts have weighed in on JBL shares. UBS Group raised their price target on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Bank of America raised their price target on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Barclays lifted their target price on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group lifted 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.
Read Our Latest Research Report on JBL
Insider Transactions at Jabil
Institutional Investors Weigh In On Jabil
Institutional investors have recently added to or reduced their stakes in the business. Meyer Handelman Co. purchased a new stake in Jabil in the 4th quarter valued at approximately $7,334,000. Davis Investment Partners LLC acquired a new stake in shares of Jabil during the 4th quarter valued at approximately $1,433,000. Nicola Wealth Management LTD. lifted its position in shares of Jabil by 54.9% during the 3rd quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock valued at $4,733,000 after acquiring an additional 14,000 shares during the period. Foster & Motley Inc. lifted its position in shares of Jabil by 8.7% during the 3rd quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock valued at $6,252,000 after acquiring an additional 4,181 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Jabil by 11.8% during the 3rd quarter. Empowered Funds LLC now owns 145,682 shares of the technology company’s stock valued at $17,457,000 after acquiring an additional 15,413 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Jabil Stock Up 0.7 %
Shares of NYSE JBL opened at $162.94 on Friday. The stock has a market cap of $18.20 billion, a P/E ratio of 15.62, a PEG ratio of 1.61 and a beta of 1.23. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil has a 12-month low of $95.85 and a 12-month high of $164.25. The business’s fifty day simple moving average is $141.29 and its 200-day simple moving average is $123.72.
Jabil (NYSE:JBL – Get Free Report) last posted its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same period last year, the firm earned $2.60 earnings per share. Jabil’s quarterly revenue was down 16.6% on a year-over-year basis. As a group, equities analysts predict that Jabil will post 8.02 EPS for the current fiscal year.
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).
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