Jabil Inc. (NYSE:JBL) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Jabil Inc. (NYSE:JBL) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $142.63.

JBL has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Barclays decreased their price objective on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Bank of America decreased their price objective on shares of Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a report on Friday, June 21st. Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. cut their target price on shares of Jabil from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday, June 17th.

Insider Activity

In other news, CEO Kenneth S. Wilson sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the transaction, the chief executive officer now directly owns 339,725 shares in the company, valued at $45,591,095. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.62% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jabil

Several hedge funds have recently bought and sold shares of JBL. LPL Financial LLC lifted its position in Jabil by 0.6% during the third quarter. LPL Financial LLC now owns 43,425 shares of the technology company’s stock valued at $5,510,000 after purchasing an additional 266 shares during the last quarter. Toronto Dominion Bank bought a new stake in Jabil during the third quarter valued at approximately $3,170,000. Advisors Asset Management Inc. lifted its position in Jabil by 24.0% during the third quarter. Advisors Asset Management Inc. now owns 9,214 shares of the technology company’s stock valued at $1,169,000 after purchasing an additional 1,784 shares during the last quarter. Legal & General Group Plc lifted its position in Jabil by 35.4% during the third quarter. Legal & General Group Plc now owns 407,858 shares of the technology company’s stock valued at $51,753,000 after purchasing an additional 106,673 shares during the last quarter. Finally, Seven Eight Capital LP lifted its position in Jabil by 254.8% during the third quarter. Seven Eight Capital LP now owns 69,103 shares of the technology company’s stock valued at $8,768,000 after purchasing an additional 49,625 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Performance

Shares of JBL stock opened at $110.02 on Tuesday. The firm has a 50-day moving average of $116.20 and a 200-day moving average of $126.93. The company has a market cap of $13.27 billion, a P/E ratio of 10.01, a P/E/G ratio of 1.94 and a beta of 1.27. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74. Jabil has a one year low of $100.18 and a one year high of $156.94.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, June 20th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.85 by $0.04. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.53 billion. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The firm’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.85 earnings per share. Equities research analysts forecast that Jabil will post 7.86 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.29%. Jabil’s dividend payout ratio (DPR) is currently 2.91%.

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).