Analysts Set Jabil, Inc. (NYSE:JBL) Target Price at $290.63

Shares of Jabil, Inc. (NYSE:JBL) have earned a consensus rating of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $290.6250.

Several analysts have issued reports on the company. Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Bank of America raised their target price 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. JPMorgan Chase & Co. raised their target price 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. UBS Group raised their target price on shares of Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Finally, Stifel Nicolaus upped their target price on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th.

Insider Activity at Jabil

In related news, EVP Steven D. Borges sold 5,126 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $317.51, for a total transaction of $1,627,556.26. Following the completion of the transaction, the executive vice president owned 71,398 shares in the company, valued at approximately $22,669,578.98. This represents a 6.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anousheh Ansari sold 2,000 shares of the company’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the transaction, the director owned 31,800 shares of the company’s stock, valued at approximately $9,540,000. This represents a 5.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,981 shares of company stock worth $11,360,740 in the last three months. Corporate insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of JBL. Integrated Wealth Concepts LLC lifted its stake in shares of Jabil by 34.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock valued at $382,000 after purchasing an additional 720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Jabil by 70.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock valued at $2,493,000 after purchasing an additional 7,602 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Jabil by 20.0% during the first quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock valued at $676,000 after purchasing an additional 829 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Jabil by 50.0% during the first quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock valued at $79,000 after purchasing an additional 194 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Jabil in the 2nd quarter worth $488,000. 93.39% of the stock is currently owned by institutional investors.

Jabil Trading Down 3.9%

Shares of NYSE:JBL opened at $351.16 on Friday. The company has a market cap of $37.05 billion, a P/E ratio of 47.14, a PEG ratio of 1.90 and a beta of 1.29. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. Jabil has a 1 year low of $161.52 and a 1 year high of $372.37. The stock’s fifty day moving average price is $292.29 and its 200-day moving average price is $252.51.

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

Jabil Dividend Announcement

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