Jabil (NYSE:JBL) Receives Buy Rating from Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Jabil (NYSE:JBL) in a report issued on Thursday morning,Benzinga reports. The firm currently has a $160.00 price objective on the technology company’s stock, up from their previous price objective of $150.00.

JBL has been the topic of several other reports. UBS Group boosted their price target on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday. Bank of America boosted their target price on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. decreased their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Barclays raised their target price on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, StockNews.com upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Jabil currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.17.

Jabil Stock Performance

JBL opened at $142.93 on Thursday. The company has a market cap of $15.96 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.57 and a beta of 1.25. The company’s fifty day moving average price is $130.72 and its two-hundred day moving average price is $118.12. 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 data on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same period in the prior year, the business posted $2.60 earnings per share. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. On average, analysts expect that Jabil will post 7.89 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend was Friday, November 15th. Jabil’s dividend payout ratio is currently 2.90%.

Insiders Place Their Bets

In other Jabil news, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction dated 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 owns 41,507 shares in the company, valued at $5,051,816.97. This trade represents a 22.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total value of $474,800.00. Following the sale, the executive vice president now owns 108,753 shares in the company, valued at approximately $12,908,981.10. This represents a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,689 shares of company stock worth $5,377,431 over the last quarter. 1.73% of the stock is currently owned by company insiders.

Institutional Trading of Jabil

Several institutional investors and hedge funds have recently modified their holdings of JBL. Synovus Financial Corp raised its position in Jabil by 92.8% in the 3rd quarter. Synovus Financial Corp now owns 18,056 shares of the technology company’s stock worth $2,164,000 after purchasing an additional 8,693 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Jabil during the 3rd quarter worth approximately $347,000. Sanctuary Advisors LLC increased its stake in Jabil by 1.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 46,101 shares of the technology company’s stock worth $6,045,000 after purchasing an additional 573 shares during the period. Te Ahumairangi Investment Management Ltd boosted its stake in shares of Jabil by 365.6% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 20,767 shares of the technology company’s stock valued at $2,474,000 after purchasing an additional 16,307 shares during the period. Finally, Virtu Financial LLC raised its holdings in Jabil by 157.9% during the 3rd quarter. Virtu Financial LLC now owns 15,091 shares of the technology company’s stock valued at $1,808,000 after buying an additional 9,239 shares during the last quarter. Hedge funds and other institutional investors 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).