Jabil (NYSE:JBL) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Jabil (NYSE:JBL) from a buy rating to a hold rating in a research note released on Monday morning.

A number of other research firms also recently weighed in on JBL. 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. The Goldman Sachs Group raised their target price on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Bank of America lifted their price objective 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. Finally, Barclays upped their target price on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.17.

Jabil Stock Performance

Shares of JBL stock opened at $153.46 on Monday. Jabil has a 12 month low of $95.85 and a 12 month high of $156.94. The company’s fifty day simple moving average is $138.75 and its 200-day simple moving average is $121.92. The firm has a market cap of $17.14 billion, a PE ratio of 13.93, a P/E/G ratio of 1.58 and a beta of 1.23. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. The firm had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.60 EPS. Equities research analysts expect that Jabil will post 7.89 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date was Friday, November 15th. Jabil’s dividend payout ratio is presently 3.07%.

Insider Activity at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the sale, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. The trade was a 2.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Matthew Crowley sold 1,380 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the transaction, the executive vice president now directly owns 18,568 shares in the company, valued at approximately $2,336,411.44. This represents a 6.92 % 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 worth $5,501,871. Insiders own 1.73% of the company’s stock.

Institutional Investors Weigh In On Jabil

A number of institutional investors have recently modified their holdings of the business. Nicola Wealth Management LTD. raised its stake in Jabil by 54.9% in the 3rd quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock worth $4,733,000 after purchasing an additional 14,000 shares in the last quarter. Foster & Motley Inc. raised its position in shares of Jabil by 8.7% in the third quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock valued at $6,252,000 after buying an additional 4,181 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Jabil by 11.8% in the third quarter. Empowered Funds LLC now owns 145,682 shares of the technology company’s stock valued at $17,457,000 after buying an additional 15,413 shares during the period. Davis Investment Partners LLC acquired a new stake in Jabil during the fourth quarter worth approximately $1,433,000. Finally, BNP Paribas Financial Markets increased its stake in Jabil by 58.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 192,815 shares of the technology company’s stock worth $23,105,000 after acquiring an additional 71,292 shares during the period. Institutional investors own 93.39% of the company’s stock.

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).