Jabil Inc (JBL) Receives Average Rating of “Hold” from Analysts
Jabil Inc (NYSE:JBL) has earned an average recommendation of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $32.88.
JBL has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $37.00 target price on shares of Jabil in a report on Wednesday, September 27th. ValuEngine lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $30.00 target price on shares of Jabil in a report on Thursday, September 28th. Zacks Investment Research raised shares of Jabil from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a report on Monday, October 2nd. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $40.00 target price on shares of Jabil in a report on Thursday, September 28th.
Jabil (NYSE JBL) traded up $0.22 during midday trading on Monday, hitting $27.66. 1,926,000 shares of the stock traded hands, compared to its average volume of 1,957,822. Jabil has a one year low of $22.88 and a one year high of $31.70. The company has a current ratio of 0.95, a quick ratio of 0.50 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $4,890.00, a price-to-earnings ratio of 47.69, a P/E/G ratio of 1.12 and a beta of 0.55.
In other news, President William E. Peters sold 3,580 shares of the stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $28.74, for a total value of $102,889.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark T. Mondello sold 30,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $28.48, for a total transaction of $854,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,836,889 shares in the company, valued at approximately $52,314,598.72. The disclosure for this sale can be found here. Insiders have sold a total of 115,180 shares of company stock worth $3,262,421 in the last ninety days. 2.60% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of JBL. IHT Wealth Management LLC increased its holdings in shares of Jabil by 142.6% in the 2nd quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock worth $159,000 after buying an additional 211 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Jabil by 68.2% in the 2nd quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock worth $168,000 after buying an additional 2,337 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Jabil by 9.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock worth $177,000 after buying an additional 547 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Jabil in the 2nd quarter worth $206,000. Finally, Bridgewater Associates LP bought a new position in shares of Jabil in the 2nd quarter worth $219,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.
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Jabil Company Profile
Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.
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