Jabil Inc. (NYSE:JBL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Jabil Inc. (NYSE:JBL) have earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $141.13.

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Bank of America decreased their target price on Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, June 21st. UBS Group decreased their target price on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Finally, Barclays decreased their target price on Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, June 21st.

Jabil Trading Up 2.0 %

Shares of JBL opened at $105.90 on Friday. Jabil has a 1-year low of $95.85 and a 1-year high of $156.94. 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’s 50 day simple moving average is $107.43 and its 200 day simple moving average is $118.98. The company has a market capitalization of $12.01 billion, a P/E ratio of 9.64, a P/E/G ratio of 1.75 and a beta of 1.25.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.04. The business had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.53 billion. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 earnings per share. Sell-side analysts forecast that Jabil will post 7.86 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Thursday, August 15th. Jabil’s payout ratio is currently 2.91%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Jabil

A number of institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in shares of Jabil by 13.0% during the 4th quarter. Wells Fargo & Company MN now owns 154,314 shares of the technology company’s stock valued at $19,660,000 after acquiring an additional 17,766 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Jabil by 36.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,339,559 shares of the technology company’s stock valued at $170,660,000 after acquiring an additional 359,818 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Jabil by 141.7% during the 1st quarter. Cetera Investment Advisers now owns 17,350 shares of the technology company’s stock valued at $2,324,000 after acquiring an additional 10,173 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Jabil by 30.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 331,373 shares of the technology company’s stock valued at $44,387,000 after acquiring an additional 76,573 shares during the last quarter. Finally, Tobam bought a new position in shares of Jabil during the 1st quarter valued at approximately $1,692,000. 93.39% of the stock is 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).