Jabil Inc. (NYSE:JBL) Receives $145.86 Consensus Price Target from Analysts

Shares of Jabil Inc. (NYSE:JBL) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $143.50.

Several analysts have recently commented on JBL shares. Bank of America raised 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. Stifel Nicolaus upped their price target on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Barclays raised their price target on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. dropped their price objective on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company 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 for the company in a research report on Friday, June 21st.

Insider Activity

In other news, EVP Frederic E. Mccoy sold 1,250 shares of Jabil stock in a transaction dated Monday, July 15th. The stock was 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 in the company, valued at $13,126,704.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Frederic E. Mccoy sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the sale, the executive vice president now directly owns 112,753 shares in the company, valued at approximately $13,126,704.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the completion of the sale, the executive vice president now owns 108,753 shares of the company’s stock, valued at approximately $12,908,981.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,524 shares of company stock worth $1,120,554 in the last three months. 2.62% of the stock is owned by insiders.

Institutional Trading of Jabil

A number of institutional investors and hedge funds have recently modified their holdings of the company. Czech National Bank increased its position in shares of Jabil by 0.3% during the first quarter. Czech National Bank now owns 22,439 shares of the technology company’s stock valued at $3,006,000 after purchasing an additional 73 shares during the period. Gateway Investment Advisers LLC grew its position in Jabil by 3.5% in the third quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company’s stock valued at $376,000 after acquiring an additional 105 shares during the period. GAMMA Investing LLC grew its position in Jabil by 15.3% in the second quarter. GAMMA Investing LLC now owns 797 shares of the technology company’s stock valued at $87,000 after acquiring an additional 106 shares during the period. M&R Capital Management Inc. grew its position in Jabil by 8.4% in the second quarter. M&R Capital Management Inc. now owns 1,380 shares of the technology company’s stock valued at $150,000 after acquiring an additional 107 shares during the period. Finally, Gulf International Bank UK Ltd grew its position in Jabil by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 10,743 shares of the technology company’s stock valued at $1,439,000 after acquiring an additional 110 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Jabil Price Performance

Shares of Jabil stock opened at $124.23 on Thursday. The stock has a 50 day moving average of $109.79 and a 200 day moving average of $115.76. Jabil has a 12 month low of $95.85 and a 12 month high of $156.94. The firm has a market cap of $14.09 billion, a PE ratio of 11.27, a PEG ratio of 1.46 and a beta of 1.25. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.08. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.59 billion. During the same period in the prior year, the business posted $2.34 earnings per share. The company’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, research analysts expect that Jabil will post 7.84 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. Jabil’s dividend payout ratio is 2.90%.

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).