Jabil Inc (JBL) Receives Consensus Recommendation of “Hold” from Analysts

Jabil Inc (NYSE:JBL) has earned an average rating of “Hold” from the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $32.63.

A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Jabil from a “sell” rating to a “hold” rating in a report on Friday, January 26th. Goldman Sachs Group reduced their target price on Jabil to $24.00 and set a “sell” rating on the stock in a report on Friday, January 26th. UBS Group reiterated a “buy” rating and set a $35.00 target price on shares of Jabil in a report on Tuesday, October 17th. Argus upgraded Jabil from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Monday, December 18th. Finally, ValuEngine downgraded Jabil from a “strong-buy” rating to a “buy” rating in a report on Monday, December 4th.

Shares of Jabil (JBL) traded up $0.10 during trading hours on Friday, reaching $25.03. The company had a trading volume of 1,462,311 shares, compared to its average volume of 2,350,989. Jabil has a 52 week low of $23.70 and a 52 week high of $31.70. The stock has a market cap of $4,415.94, a P/E ratio of 43.53, a PEG ratio of 1.02 and a beta of 0.53. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.50 and a current ratio of 0.95.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, December 14th. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Jabil had a return on equity of 12.95% and a net margin of 0.54%. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the previous year, the business earned $0.69 EPS. Jabil’s revenue was up 9.4% compared to the same quarter last year. equities research analysts anticipate that Jabil will post 2.06 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.28%. Jabil’s dividend payout ratio (DPR) is 56.14%.

In related news, CEO Mark T. Mondello sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $28.48, for a total value of $854,400.00. Following the sale, the chief executive officer now owns 1,836,889 shares in the company, valued at approximately $52,314,598.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sergio Cadavid sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $28.50, for a total value of $342,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 89,830 shares of company stock worth $2,510,583 in the last quarter. Company insiders own 2.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. IHT Wealth Management LLC grew its stake 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. Ameritas Investment Partners Inc. grew its stake in shares of Jabil by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 54,550 shares of the technology company’s stock worth $1,592,000 after buying an additional 831 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Jabil by 17.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,607 shares of the technology company’s stock worth $281,000 after buying an additional 1,413 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Jabil by 8.1% in the 2nd quarter. Stifel Financial Corp now owns 21,572 shares of the technology company’s stock worth $630,000 after buying an additional 1,608 shares during the last quarter. Finally, Advisor Group Inc. lifted its position in Jabil by 68.2% in the 2nd quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock valued at $168,000 after acquiring an additional 2,337 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

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About Jabil

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.

Analyst Recommendations for Jabil (NYSE:JBL)

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