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

Shares of Jabil, Inc. (NYSE:JBL) have received an average rating of “Moderate Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $303.3750.

A number of equities research analysts recently commented on JBL shares. Bank of America upped their price objective on Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a report on Monday, April 20th. JPMorgan Chase & Co. increased their price target on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Zacks Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. UBS Group increased their price target on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Finally, Weiss Ratings downgraded Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th.

Jabil Price Performance

Jabil stock opened at $363.56 on Tuesday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The firm has a market cap of $38.36 billion, a P/E ratio of 48.80, a P/E/G ratio of 1.83 and a beta of 1.28. The business’s fifty day moving average is $330.72 and its two-hundred day moving average is $272.22. Jabil has a 52 week low of $175.07 and a 52 week high of $384.70.

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

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, May 15th. Jabil’s dividend payout ratio is 4.30%.

Insider Buying and Selling

In other Jabil news, EVP Steven D. Borges sold 5,126 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $317.51, for a total value of $1,627,556.26. Following the completion of the sale, the executive vice president directly owned 71,398 shares in the company, valued at $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 is available through the SEC website. Also, SVP Gary K. Schick sold 1,000 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $340.00, for a total value of $340,000.00. Following the completion of the sale, the senior vice president owned 39,843 shares of the company’s stock, valued at $13,546,620. This trade represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 37,981 shares of company stock valued at $11,360,740. 1.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of JBL. Norges Bank acquired a new position in shares of Jabil during the fourth quarter worth about $407,299,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Jabil by 1,157.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock worth $315,964,000 after buying an additional 1,339,247 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Jabil by 45.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock worth $429,714,000 after buying an additional 591,364 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Jabil during the fourth quarter worth about $121,710,000. Finally, Allianz Asset Management GmbH boosted its position in shares of Jabil by 180.1% during the third quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock worth $164,686,000 after buying an additional 487,595 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

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.