Jabil Inc. (NYSE:JBL) Receives $153.17 Consensus Price Target from Analysts

Shares of Jabil Inc. (NYSE:JBL) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $153.17.

A number of equities analysts have recently commented on JBL shares. JPMorgan Chase & Co. cut their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Barclays increased their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Bank of America lifted their price target on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. StockNews.com lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 19th. Finally, UBS Group lifted their target price on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th.

Insider Buying and Selling

In other Jabil news, SVP Francis Mckay sold 11,755 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the sale, the senior vice president now directly owns 41,507 shares in the company, valued at approximately $5,051,816.97. The trade was a 22.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total value of $474,800.00. Following the transaction, the executive vice president now owns 108,753 shares in the company, valued at approximately $12,908,981.10. This trade represents a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,689 shares of company stock valued at $5,377,431. Insiders own 1.73% of the company’s stock.

Institutional Trading of Jabil

A number of hedge funds have recently bought and sold shares of JBL. Synovus Financial Corp lifted its stake in Jabil by 92.8% in the 3rd quarter. Synovus Financial Corp now owns 18,056 shares of the technology company’s stock worth $2,164,000 after acquiring an additional 8,693 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Jabil during the 3rd quarter valued at $347,000. Sanctuary Advisors LLC boosted its stake in shares of Jabil by 1.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 46,101 shares of the technology company’s stock worth $6,045,000 after acquiring an additional 573 shares in the last quarter. Te Ahumairangi Investment Management Ltd grew its holdings in Jabil by 365.6% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 20,767 shares of the technology company’s stock valued at $2,474,000 after purchasing an additional 16,307 shares during the last quarter. Finally, Virtu Financial LLC raised its holdings in Jabil by 157.9% in the 3rd quarter. Virtu Financial LLC now owns 15,091 shares of the technology company’s stock worth $1,808,000 after acquiring an additional 9,239 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Stock Performance

Shares of JBL opened at $147.64 on Tuesday. Jabil has a 1 year low of $95.85 and a 1 year high of $156.94. The company’s 50 day simple moving average is $132.92 and its 200 day simple moving average is $119.22. The company has a market capitalization of $16.49 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 1.57 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same period in the prior year, the firm posted $2.60 earnings per share. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. On average, sell-side analysts predict that Jabil will post 7.89 EPS for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were issued a $0.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. Jabil’s dividend payout ratio is currently 3.07%.

About Jabil

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).