Jabil Inc. (NYSE:JBL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Jabil Inc. (NYSE:JBL) have received an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $153.17.

JBL has been the subject of several research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. dropped their target price 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. The Goldman Sachs Group upped 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. Finally, Bank of America lifted their price objective on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th.

Insiders Place Their Bets

In related news, EVP Matthew Crowley sold 1,380 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $125.83, for a total transaction of $173,645.40. Following the completion of the sale, the executive vice president now directly owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. This trade represents a 6.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was 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 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. Over the last 90 days, insiders have sold 43,689 shares of company stock valued at $5,377,431. Insiders own 1.73% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JBL. Synovus Financial Corp grew its stake in shares of Jabil by 92.8% in the third quarter. Synovus Financial Corp now owns 18,056 shares of the technology company’s stock valued at $2,164,000 after buying an additional 8,693 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Jabil during the 3rd quarter valued at about $347,000. Sanctuary Advisors LLC grew its position in Jabil by 1.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 46,101 shares of the technology company’s stock valued at $6,045,000 after acquiring an additional 573 shares in the last quarter. Te Ahumairangi Investment Management Ltd increased its stake in Jabil by 365.6% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 20,767 shares of the technology company’s stock worth $2,474,000 after purchasing an additional 16,307 shares during the period. Finally, Virtu Financial LLC lifted its position in shares of Jabil by 157.9% during the third quarter. Virtu Financial LLC now owns 15,091 shares of the technology company’s stock worth $1,808,000 after purchasing an additional 9,239 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Stock Performance

Shares of NYSE JBL opened at $145.67 on Tuesday. Jabil has a 1 year low of $95.85 and a 1 year high of $156.94. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. The company’s fifty day moving average price is $131.14 and its 200 day moving average price is $118.35. The company has a market capitalization of $16.27 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 42.64% and a net margin of 4.81%. The company’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period last year, the firm earned $2.60 EPS. On average, research analysts predict that Jabil will post 7.89 earnings per share for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Friday, November 15th. Jabil’s dividend payout ratio is currently 3.07%.

Jabil Company Profile

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).