Jabil Inc. (NYSE:JBL) Receives $153.17 Consensus Price Target from Analysts

Jabil Inc. (NYSE:JBL) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two research 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 updated their coverage on the stock in the last year is $153.17.

A number of equities analysts have recently commented on the stock. Barclays raised their price objective on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Bank of America lifted their price objective on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. StockNews.com cut Jabil from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 19th. UBS Group upped their price target on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a report on Thursday, December 19th.

Insider Activity at Jabil

In related news, EVP Frederic E. Mccoy sold 4,283 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $122.28, for a total value of $523,725.24. Following the completion of the transaction, the executive vice president now owns 142,472 shares in the company, valued at $17,421,476.16. The trade was a 2.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total value of $2,494,000.00. Following the completion of the transaction, the director now owns 139,108 shares in the company, valued at $17,346,767.60. The trade was a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,689 shares of company stock valued at $4,902,631 over the last ninety days. 1.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JBL. Synovus Financial Corp lifted its holdings in Jabil by 92.8% in the third quarter. Synovus Financial Corp now owns 18,056 shares of the technology company’s stock valued at $2,164,000 after buying an additional 8,693 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Jabil during the 3rd quarter valued at $347,000. Sanctuary Advisors LLC raised its position in shares of Jabil by 1.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 46,101 shares of the technology company’s stock valued at $6,045,000 after acquiring an additional 573 shares during the last quarter. Te Ahumairangi Investment Management Ltd lifted its stake in shares of Jabil by 365.6% in the 3rd 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 boosted its position in shares of Jabil by 157.9% in the 3rd quarter. Virtu Financial LLC now owns 15,091 shares of the technology company’s stock worth $1,808,000 after purchasing an additional 9,239 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Stock Down 1.5 %

NYSE JBL opened at $143.76 on Tuesday. Jabil has a twelve month low of $95.85 and a twelve month high of $156.94. The stock has a market cap of $16.06 billion, a PE ratio of 13.05, a PEG ratio of 1.58 and a beta of 1.25. The firm has a 50-day simple moving average of $133.31 and a 200 day simple moving average of $119.42. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 EPS 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 the consensus estimate of $6.61 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The company’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter last year, the company earned $2.60 EPS. On average, research analysts forecast that Jabil will post 7.89 EPS for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.22%. The ex-dividend date was Friday, November 15th. Jabil’s payout ratio is presently 3.07%.

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).