Jabil, Inc. (NYSE:JBL) Receives $231.71 Consensus Price Target from Analysts

Jabil, Inc. (NYSE:JBL) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $248.4286.

A number of equities research analysts have issued reports on the company. Raymond James Financial set a $260.00 target price on Jabil in a research note on Thursday. Stifel Nicolaus assumed coverage on Jabil in a research note on Wednesday, July 2nd. They issued a “buy” rating and a $245.00 target price on the stock. UBS Group set a $241.00 target price on Jabil in a research note on Sunday. JPMorgan Chase & Co. raised their target price on Jabil from $214.00 to $256.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Finally, Argus upgraded Jabil from a “hold” rating to a “buy” rating in a research note on Wednesday, June 18th.

Insider Buying and Selling at Jabil

In related news, EVP Frederic E. Mccoy sold 4,500 shares of Jabil stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $223.55, for a total transaction of $1,005,975.00. Following the sale, the executive vice president directly owned 124,203 shares in the company, valued at $27,765,580.65. The trade was a 3.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $200.02, for a total transaction of $4,000,400.00. Following the sale, the chairman owned 1,400,190 shares in the company, valued at approximately $280,066,003.80. This represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,416 shares of company stock valued at $14,293,839. 1.73% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Jabil

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC grew its position in shares of Jabil by 1.2% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 4,120 shares of the technology company’s stock valued at $899,000 after buying an additional 48 shares during the last quarter. Assetmark Inc. grew its position in shares of Jabil by 45.8% in the 2nd quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock valued at $34,000 after buying an additional 49 shares during the last quarter. AlphaCore Capital LLC grew its position in shares of Jabil by 1.8% in the 2nd quarter. AlphaCore Capital LLC now owns 3,263 shares of the technology company’s stock valued at $712,000 after buying an additional 57 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of Jabil by 45.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 189 shares of the technology company’s stock valued at $41,000 after buying an additional 59 shares during the last quarter. Finally, Mather Group LLC. grew its position in shares of Jabil by 5.4% in the 2nd quarter. Mather Group LLC. now owns 1,186 shares of the technology company’s stock valued at $259,000 after buying an additional 61 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Performance

JBL stock opened at $214.49 on Thursday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.66 and a current ratio of 1.00. The stock has a market capitalization of $23.02 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 1.27 and a beta of 1.25. Jabil has a 1 year low of $108.66 and a 1 year high of $237.14. The stock’s fifty day moving average is $216.40 and its two-hundred day moving average is $185.40.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, August 15th. Jabil’s payout ratio is currently 5.37%.

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).