Jabil Inc. (NYSE:JBL) Receives $143.50 Average Price Target from Brokerages

Jabil Inc. (NYSE:JBL) has been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $143.50.

JBL has been the topic of a number of research reports. Stifel Nicolaus upped their price target on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays raised their price target on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Bank of America lifted their price target on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd.

Jabil Stock Performance

Shares of JBL stock opened at $137.77 on Monday. 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 has a 12-month low of $95.85 and a 12-month high of $156.94. The company has a market cap of $15.55 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The stock has a 50 day simple moving average of $116.78 and a 200-day simple moving average of $114.55.

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

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 annualized dividend and a yield of 0.23%. Jabil’s payout ratio is currently 2.90%.

Insider Transactions at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total value of $2,494,000.00. Following the transaction, the director now owns 139,108 shares in the company, valued at approximately $17,346,767.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total value of $2,494,000.00. Following the completion of the sale, the director now owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction on 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 transaction, the senior vice president now owns 41,507 shares in the company, valued at $5,051,816.97. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,689 shares of company stock worth $5,377,431 over the last quarter. 2.62% of the stock is currently owned by insiders.

Institutional Trading of Jabil

Several institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its holdings in shares of Jabil by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock worth $195,000 after acquiring an additional 90 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Jabil by 2.9% during the third quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock valued at $387,000 after buying an additional 91 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in shares of Jabil by 3.5% during the third quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company’s stock worth $376,000 after buying an additional 105 shares during the period. GAMMA Investing LLC grew its holdings in Jabil by 15.3% in the 2nd quarter. GAMMA Investing LLC now owns 797 shares of the technology company’s stock worth $87,000 after buying an additional 106 shares in the last quarter. Finally, M&R Capital Management Inc. increased its position in Jabil by 8.4% in the 2nd 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. 93.39% of the stock is owned by institutional investors and hedge funds.

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).