Jabil Inc. (NYSE:JBL) Receives Consensus Rating of “Moderate Buy” from Analysts

Jabil Inc. (NYSE:JBL) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $158.83.

A number of analysts have weighed in on JBL shares. Stifel Nicolaus restated a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Barclays upped their target price on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. The Goldman Sachs Group upped their price target on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. UBS Group upped their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Jabil Stock Up 4.3 %

Jabil stock opened at $136.07 on Friday. The business has a fifty day moving average of $157.27 and a two-hundred day moving average of $137.00. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market cap of $14.86 billion, a P/E ratio of 13.05, a P/E/G ratio of 1.65 and a beta of 1.19. Jabil has a twelve month low of $95.85 and a twelve month high of $174.80.

Jabil (NYSE:JBL) last posted its 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 company had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil’s revenue was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.60 earnings per share. On average, analysts forecast that Jabil will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil’s payout ratio is 3.07%.

Insider Activity at Jabil

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the sale, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the sale, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock valued at $12,804,458 in the last ninety days. Company insiders own 1.73% of the company’s stock.

Institutional Investors Weigh In On Jabil

Several hedge funds have recently modified their holdings of JBL. Wellington Management Group LLP boosted its stake in shares of Jabil by 70,781.4% during the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock worth $835,876,000 after acquiring an additional 5,800,535 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Jabil by 12,251.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock valued at $264,391,000 after buying an additional 2,188,521 shares in the last quarter. Norges Bank purchased a new position in Jabil in the 4th quarter valued at about $218,430,000. Point72 Asset Management L.P. lifted its stake in Jabil by 1,007.6% in the 4th quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company’s stock valued at $138,954,000 after buying an additional 878,444 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in Jabil by 406.5% in the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock valued at $86,613,000 after buying an additional 580,100 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

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).