StockNews.com Downgrades Jabil (NYSE:JBL) to Hold

Jabil (NYSE:JBL) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Other equities analysts have also recently issued reports about the company. UBS Group lifted their price target on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. The Goldman Sachs Group boosted their price target on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Barclays raised their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Bank of America boosted their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Jabil presently has an average rating of “Moderate Buy” and a consensus price target of $153.17.

Jabil Stock Performance

Shares of JBL stock opened at $155.90 on Monday. Jabil has a 12-month low of $95.85 and a 12-month high of $156.94. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. The firm has a market capitalization of $17.41 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23. The business has a 50 day simple moving average of $138.75 and a 200 day simple moving average of $121.92.

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. 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%. Jabil’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter last year, the company earned $2.60 EPS. On average, equities research analysts anticipate that Jabil will post 7.89 EPS for the current year.

Insider Activity at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. This trade represents a 12.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the sale, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at $5,051,816.97. The trade was a 22.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,689 shares of company stock valued at $8,527,871. Insiders own 1.73% of the company’s stock.

Institutional Investors Weigh In On Jabil

Several hedge funds and other institutional investors have recently modified their holdings of JBL. Capital Performance Advisors LLP acquired a new stake in Jabil during the third quarter worth about $32,000. Brooklyn Investment Group bought a new stake in shares of Jabil in the 3rd quarter worth approximately $39,000. Matrix Trust Co grew its holdings in shares of Jabil by 135.4% during the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after purchasing an additional 214 shares in the last quarter. Armstrong Advisory Group Inc. increased its position in shares of Jabil by 114.0% during the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock valued at $51,000 after purchasing an additional 228 shares during the period. Finally, Sound Income Strategies LLC raised its stake in shares of Jabil by 945.7% in the third quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock valued at $58,000 after purchasing an additional 435 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

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).