Jabil Inc. (NYSE:JBL) Receives $153.17 Consensus PT from Analysts

Shares of Jabil Inc. (NYSE:JBL) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $153.17.

JBL has been the topic of several recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. StockNews.com cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 19th. UBS Group raised their price objective on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Bank of America increased their target price on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, The Goldman Sachs Group boosted their price target on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th.

Jabil Stock Down 1.5 %

Shares of NYSE JBL opened at $143.76 on Tuesday. The firm has a 50 day moving average price of $133.31 and a 200 day moving average price of $119.42. 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 stock has a market cap of $16.06 billion, a P/E ratio of 13.05, a P/E/G ratio of 1.58 and a beta of 1.25. Jabil has a 52-week low of $95.85 and a 52-week high of $156.94.

Jabil (NYSE:JBL) last released its quarterly earnings data 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 business had revenue of $6.99 billion during 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%. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.60 EPS. Analysts expect that Jabil will post 7.89 EPS for the current year.

Jabil Dividend Announcement

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

Insiders Place Their Bets

In other Jabil news, EVP Matthew Crowley sold 1,380 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $125.83, for a total value of $173,645.40. Following the sale, the executive vice president now owns 18,568 shares in the company, valued at $2,336,411.44. This represents a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven A. Raymund sold 20,000 shares of Jabil 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 owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,689 shares of company stock valued at $4,902,631. 1.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jabil

Several hedge funds have recently added to or reduced their stakes in the business. Nicola Wealth Management LTD. raised its position in shares of Jabil by 54.9% in the third quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock valued at $4,733,000 after purchasing an additional 14,000 shares during the period. Foster & Motley Inc. lifted its position in Jabil by 8.7% during the third quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock worth $6,252,000 after acquiring an additional 4,181 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Jabil by 11.8% during the third quarter. Empowered Funds LLC now owns 145,682 shares of the technology company’s stock worth $17,457,000 after acquiring an additional 15,413 shares during the period. BNP Paribas Financial Markets grew its position in shares of Jabil by 58.7% in the third quarter. BNP Paribas Financial Markets now owns 192,815 shares of the technology company’s stock valued at $23,105,000 after purchasing an additional 71,292 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Jabil by 51.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,107 shares of the technology company’s stock valued at $2,514,000 after purchasing an additional 7,878 shares during 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).