Jabil (NYSE:JBL) Rating Lowered to Hold at StockNews.com

Jabil (NYSE:JBLGet Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

JBL has been the subject of a number of other research reports. 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. Barclays raised their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. The Goldman Sachs Group increased their price objective on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, UBS Group upped their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.17.

Read Our Latest Report on Jabil

Jabil Stock Up 1.0 %

Jabil stock opened at $162.54 on Wednesday. Jabil has a one year low of $95.85 and a one year high of $174.80. The stock has a fifty day moving average of $147.07 and a 200 day moving average of $126.54. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The stock has a market cap of $17.75 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.23.

Jabil (NYSE:JBLGet Free Report) last released its quarterly 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 during the quarter, compared to analyst estimates of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.60 EPS. As a group, sell-side analysts predict that Jabil will post 8.03 EPS for the current year.

Insider Transactions at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the transaction, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the sale, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,000 shares of company stock valued at $12,252,740. 1.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBL. Capital Performance Advisors LLP bought a new stake in shares of Jabil in the 3rd quarter valued at approximately $32,000. GHP Investment Advisors Inc. bought a new stake in Jabil in the fourth quarter worth $43,000. Brooklyn Investment Group purchased a new position in Jabil during the third quarter worth $39,000. Matrix Trust Co increased its position in Jabil by 135.4% during the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after acquiring an additional 214 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its stake in shares of Jabil by 114.0% in the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock valued at $51,000 after acquiring an additional 228 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

About Jabil

(Get Free Report)

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).

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Analyst Recommendations for Jabil (NYSE:JBL)

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