Jabil Inc. (NYSE:JBL) Receives $143.50 Consensus Price Target from Brokerages

Jabil Inc. (NYSE:JBL) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $143.50.

JBL has been the topic of several research analyst reports. Barclays boosted their target price on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. StockNews.com raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Bank of America lifted their target price on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Stifel Nicolaus increased their price target on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. reduced their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd.

Insider Buying and Selling

In other news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total value of $2,494,000.00. Following the completion of the transaction, the director now owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. This represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Francis Mckay sold 11,755 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the transaction, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. The trade was a 22.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,689 shares of company stock valued at $5,377,431 in the last quarter. Company insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Jabil

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC acquired a new position in shares of Jabil in the 2nd quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new stake in shares of Jabil in the 3rd quarter worth approximately $32,000. Innealta Capital LLC bought a new stake in shares of Jabil in the 2nd quarter worth approximately $31,000. Brooklyn Investment Group bought a new stake in shares of Jabil in the 3rd quarter worth approximately $39,000. Finally, Family Firm Inc. bought a new stake in shares of Jabil in the 2nd quarter worth approximately $37,000. 93.39% of the stock is owned by institutional investors.

Jabil Stock Up 0.2 %

JBL opened at $135.51 on Friday. The firm’s 50 day simple moving average is $126.75 and its two-hundred day simple moving average is $116.53. The company has a market capitalization of $15.29 billion, a PE ratio of 12.30, a PEG ratio of 1.59 and a beta of 1.25. Jabil has a 1-year low of $95.85 and a 1-year high of $156.94. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The business’s quarterly revenue was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.34 earnings per share. As a group, equities analysts forecast that Jabil will post 7.84 EPS for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. Jabil’s payout ratio is 2.90%.

Jabil Company Profile

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).