Jabil (NYSE:JBL) Downgraded to “Buy” Rating by StockNews.com

Jabil (NYSE:JBL) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday.

JBL has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. The Goldman Sachs Group increased their target price on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a report on Thursday. Bank of America upped their price target on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, UBS Group lifted their price objective on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $153.17.

Jabil Price Performance

Shares of NYSE JBL opened at $145.00 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The business has a 50 day moving average price of $130.72 and a two-hundred day moving average price of $118.12. The firm has a market cap of $16.20 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.60 earnings per share. Sell-side analysts expect that Jabil will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,283 shares of Jabil stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $122.28, for a total transaction of $523,725.24. Following the sale, the executive vice president now owns 142,472 shares of the company’s stock, valued at $17,421,476.16. The trade was a 2.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Over the last three months, insiders have sold 43,689 shares of company stock worth $5,377,431. 1.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Jabil

Several institutional investors have recently bought and sold shares of the stock. HHM Wealth Advisors LLC bought a new stake in shares of Jabil during the 2nd quarter worth about $28,000. Capital Performance Advisors LLP acquired a new position in shares of Jabil during the third quarter valued at approximately $32,000. Innealta Capital LLC bought a new stake in Jabil during the second quarter worth approximately $31,000. Brooklyn Investment Group acquired a new stake in Jabil in the third quarter worth approximately $39,000. Finally, Family Firm Inc. bought a new position in Jabil during the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

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).