Jabil Inc. (NYSE:JBL) Receives $141.13 Average PT from Brokerages

Jabil Inc. (NYSE:JBL) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $139.88.

JBL has been the topic of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of Jabil from $135.00 to $130.00 and set a “buy” rating on the stock in a research 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 on the stock in a research report on Friday, June 21st. Barclays reduced their price target on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. JPMorgan Chase & Co. reduced their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Finally, UBS Group reduced their price target on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, June 21st.

Insider Activity at Jabil

In related news, EVP Frederic E. Mccoy sold 1,250 shares of the company’s 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 transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Frederic E. Mccoy sold 1,250 shares of the company’s 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 transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP May Yee Yap sold 4,274 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the transaction, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Jabil

Institutional investors and hedge funds have recently bought and sold shares of the stock. Benjamin Edwards Inc. acquired a new stake in shares of Jabil in the first quarter worth $25,000. Activest Wealth Management acquired a new stake in shares of Jabil in the first quarter worth $28,000. HHM Wealth Advisors LLC acquired a new stake in shares of Jabil in the second quarter worth $28,000. ORG Partners LLC acquired a new stake in shares of Jabil in the first quarter worth $29,000. Finally, Innealta Capital LLC acquired a new stake in shares of Jabil in the second quarter worth $31,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Trading Up 1.0 %

Shares of JBL opened at $106.83 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26. The firm’s 50-day moving average is $107.35 and its two-hundred day moving average is $118.55. Jabil has a twelve month low of $95.85 and a twelve month high of $156.94. The firm has a market capitalization of $12.12 billion, a P/E ratio of 9.72, a PEG ratio of 1.75 and a beta of 1.25.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.53 billion. During the same period in the prior year, the business posted $1.85 earnings per share. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. On average, research analysts predict that Jabil will post 7.86 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were paid 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 2.91%.

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).