Jabil Inc. (NYSE:JBL) Receives $158.83 Average Price Target from Analysts

Jabil Inc. (NYSE:JBL) has earned an average rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat reports. Two 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 analysts that have updated their coverage on the stock in the last year is $158.83.

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

Jabil Price Performance

NYSE JBL opened at $130.45 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The firm’s 50 day moving average price is $157.79 and its 200-day moving average price is $136.65. Jabil has a 52-week low of $95.85 and a 52-week high of $174.80. The company has a market cap of $14.24 billion, a PE ratio of 12.51, a P/E/G ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same period last year, the firm earned $2.60 earnings per share. The company’s quarterly revenue was down 16.6% on a year-over-year basis. Sell-side analysts forecast that Jabil will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. Jabil’s dividend payout ratio is currently 3.07%.

Insiders Place Their Bets

In other news, Director Christopher S. Holland sold 3,400 shares of the 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 owns 12,900 shares in the company, valued at $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares in the company, valued at $18,021,040.40. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,400 shares of company stock valued at $12,804,458. Insiders own 1.73% of the company’s stock.

Institutional Trading of Jabil

A number of hedge funds and other institutional investors have recently made changes to their positions in JBL. SBI Securities Co. Ltd. acquired a new stake in Jabil during the fourth quarter valued at $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Jabil during the fourth quarter valued at $29,000. Millstone Evans Group LLC acquired a new stake in Jabil during the fourth quarter valued at $37,000. Capital Performance Advisors LLP acquired a new stake in Jabil during the third quarter valued at $32,000. Finally, First Horizon Advisors Inc. grew its position in Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after buying an additional 130 shares during the period. 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).