Jabil, Inc. (NYSE:JBL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Jabil, Inc. (NYSE:JBL) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $303.3750.

A number of equities analysts have weighed in on the stock. Barclays increased their price target on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. Weiss Ratings downgraded shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Bank of America increased their price target on shares of Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Zacks Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th.

Insiders Place Their Bets

In other news, CEO Michael Dastoor sold 9,467 shares of the firm’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $286.64, for a total value of $2,713,620.88. Following the transaction, the chief executive officer owned 253,099 shares of the company’s stock, valued at approximately $72,548,297.36. This trade represents a 3.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Andrew Priestley sold 4,000 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $301.00, for a total transaction of $1,204,000.00. Following the completion of the transaction, the executive vice president directly owned 60,267 shares in the company, valued at approximately $18,140,367. This represents a 6.22% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 37,981 shares of company stock worth $11,360,740. 1.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jabil

A number of hedge funds have recently made changes to their positions in JBL. Norges Bank purchased a new position in shares of Jabil in the 4th quarter valued at $407,299,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Jabil by 1,157.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock valued at $315,964,000 after acquiring an additional 1,339,247 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Jabil by 45.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock valued at $429,714,000 after acquiring an additional 591,364 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Jabil in the 4th quarter valued at $121,710,000. Finally, Allianz Asset Management GmbH raised its stake in shares of Jabil by 180.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock valued at $164,686,000 after acquiring an additional 487,595 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Stock Performance

NYSE:JBL opened at $359.64 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. The company has a market cap of $37.94 billion, a P/E ratio of 48.27, a P/E/G ratio of 1.89 and a beta of 1.28. Jabil has a fifty-two week low of $164.69 and a fifty-two week high of $381.94. The firm’s 50 day moving average is $320.76 and its two-hundred day moving average is $266.39.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.18. The company had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. Jabil’s revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 earnings per share. Analysts expect that Jabil will post 11.3 EPS for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, May 15th. Jabil’s dividend payout ratio (DPR) is currently 4.30%.

Jabil Company Profile

Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.