Jabil (NYSE:JBL) Downgraded to “Hold” Rating by Zacks Research

Jabil (NYSE:JBL) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts also recently commented on the stock. UBS Group boosted their target price on shares of Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. JPMorgan Chase & Co. boosted their target price on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Barclays boosted their target price on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Robert W. Baird boosted their price objective on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Finally, Stifel Nicolaus boosted their price objective on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $290.63.

Jabil Stock Performance

JBL stock opened at $332.98 on Monday. 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 capitalization of $35.13 billion, a price-to-earnings ratio of 44.69, a P/E/G ratio of 1.76 and a beta of 1.29. Jabil has a 12 month low of $161.52 and a 12 month high of $372.37. The firm has a 50 day moving average of $301.42 and a two-hundred day moving average of $257.11.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.51 by $0.18. The company had revenue of $8.28 billion during 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%. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.94 earnings per share. As a group, equities analysts anticipate that Jabil will post 11.3 EPS for the current fiscal year.

Insider Activity

In related news, CEO Michael Dastoor sold 9,467 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $286.64, for a total transaction of $2,713,620.88. Following the completion of the transaction, the chief executive officer directly owned 253,099 shares in the company, valued at $72,548,297.36. This represents a 3.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew Priestley sold 4,000 shares of the company’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 transaction, the executive vice president owned 60,267 shares of the company’s stock, valued at approximately $18,140,367. The trade was a 6.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 37,981 shares of company stock worth $11,360,740. Corporate insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Jabil

Several institutional investors and hedge funds have recently bought and sold shares of the business. Empirical Finance LLC increased its holdings in Jabil by 0.6% in the 1st quarter. Empirical Finance LLC now owns 5,405 shares of the technology company’s stock valued at $1,436,000 after buying an additional 31 shares during the period. Assetmark Inc. increased its holdings in Jabil by 10.6% in the 1st quarter. Assetmark Inc. now owns 344 shares of the technology company’s stock valued at $91,000 after buying an additional 33 shares during the period. PenderFund Capital Management Ltd. increased its holdings in Jabil by 3.3% in the 4th quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company’s stock valued at $287,000 after buying an additional 40 shares during the period. Root Financial Partners LLC grew its holdings in shares of Jabil by 11.1% in the 1st quarter. Root Financial Partners LLC now owns 432 shares of the technology company’s stock worth $115,000 after purchasing an additional 43 shares during the last quarter. Finally, Cidel Asset Management Inc. grew its holdings in shares of Jabil by 4.8% in the 1st quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company’s stock worth $263,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

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.