Jabil Inc. (NYSE:JBL) Receives $143.50 Consensus PT from Analysts

Shares of Jabil Inc. (NYSE:JBL) have earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $143.50.

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

Jabil Stock Performance

NYSE JBL opened at $137.77 on Monday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. Jabil has a 1-year low of $95.85 and a 1-year high of $156.94. The company has a market cap of $15.55 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The stock’s 50 day simple moving average is $116.78 and its 200-day simple moving average is $114.55.

Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. Jabil’s quarterly revenue was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.34 EPS. As a group, equities research analysts anticipate that Jabil will post 7.84 EPS for the current fiscal year.

Jabil Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total transaction of $474,800.00. Following the completion of the transaction, the executive vice president now directly owns 108,753 shares of the company’s stock, valued at approximately $12,908,981.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, 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 transaction of $474,800.00. Following the completion of the sale, the executive vice president now owns 108,753 shares in the company, valued at $12,908,981.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the transaction, the director now owns 139,108 shares in the company, valued at $17,346,767.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,689 shares of company stock valued at $5,377,431 in the last ninety days. Company insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Jabil

Several hedge funds have recently made changes to their positions in JBL. Empirical Finance LLC increased its holdings in shares of Jabil by 5.6% in the third quarter. Empirical Finance LLC now owns 5,641 shares of the technology company’s stock valued at $676,000 after purchasing an additional 297 shares during the period. Empowered Funds LLC grew its position in Jabil by 11.8% in the 3rd quarter. Empowered Funds LLC now owns 145,682 shares of the technology company’s stock valued at $17,457,000 after buying an additional 15,413 shares during the last quarter. Royce & Associates LP increased its stake in Jabil by 1.1% in the 3rd quarter. Royce & Associates LP now owns 74,020 shares of the technology company’s stock valued at $8,870,000 after buying an additional 786 shares during the period. CIBC Asset Management Inc raised its position in Jabil by 2.8% during the 3rd quarter. CIBC Asset Management Inc now owns 16,689 shares of the technology company’s stock worth $2,000,000 after buying an additional 462 shares during the last quarter. Finally, ING Groep NV lifted its stake in shares of Jabil by 71.2% in the 3rd quarter. ING Groep NV now owns 80,872 shares of the technology company’s stock worth $9,691,000 after acquiring an additional 33,644 shares during the period. 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).