Jabil Inc. (NYSE:JBL) Given Average Rating of “Buy” by Brokerages

Jabil Inc. (NYSE:JBL) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $144.50.

JBL has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Argus cut Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Barclays cut their price objective on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, March 18th. Finally, StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th.

Jabil Stock Performance

Shares of NYSE JBL opened at $129.70 on Thursday. The business’s 50-day moving average price is $138.57 and its two-hundred day moving average price is $131.21. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. Jabil has a one year low of $75.48 and a one year high of $156.94. The company has a market capitalization of $15.64 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40.

Jabil (NYSE:JBL) last issued its earnings results on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Analysts anticipate that Jabil will post 7.83 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Thursday, February 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.32 annualized dividend and a yield of 0.25%. Jabil’s dividend payout ratio (DPR) is 2.75%.

Insider Buying and Selling at Jabil

In other news, CEO Kenneth S. Wilson sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $134.20, for a total value of $2,013,000.00. Following the sale, the chief executive officer now directly owns 339,725 shares in the company, valued at approximately $45,591,095. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Kenneth S. Wilson sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $134.20, for a total value of $2,013,000.00. Following the sale, the chief executive officer now directly owns 339,725 shares in the company, valued at approximately $45,591,095. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David M. Stout sold 31,300 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $123.12, for a total value of $3,853,656.00. Following the completion of the sale, the director now owns 67,300 shares in the company, valued at $8,285,976. The disclosure for this sale can be found here. Insiders sold a total of 107,177 shares of company stock valued at $13,678,039 in the last quarter. Corporate insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Jabil

A number of large investors have recently bought and sold shares of the business. Czech National Bank grew its position in Jabil by 0.3% during the 1st quarter. Czech National Bank now owns 22,439 shares of the technology company’s stock worth $3,006,000 after acquiring an additional 73 shares during the last quarter. HB Wealth Management LLC boosted its position in Jabil by 3.9% in the 4th quarter. HB Wealth Management LLC now owns 2,183 shares of the technology company’s stock valued at $278,000 after buying an additional 82 shares during the last quarter. Beacon Pointe Advisors LLC boosted its position in Jabil by 2.5% in the 4th quarter. Beacon Pointe Advisors LLC now owns 3,377 shares of the technology company’s stock valued at $430,000 after buying an additional 83 shares during the last quarter. Signaturefd LLC boosted its position in Jabil by 1.3% in the 3rd quarter. Signaturefd LLC now owns 6,761 shares of the technology company’s stock valued at $858,000 after buying an additional 86 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in Jabil by 0.9% in the 4th quarter. Mackenzie Financial Corp now owns 10,258 shares of the technology company’s stock valued at $1,307,000 after buying an additional 90 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

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).