Brokerages Set Jabil Inc. (NYSE:JBL) PT at $141.13

Shares of Jabil Inc. (NYSE:JBL) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $139.88.

A number of brokerages have commented on JBL. Bank of America decreased their price objective on shares of Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, June 21st. Barclays decreased their price target on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. UBS Group dropped their price objective on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Stifel Nicolaus decreased their price objective on Jabil from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. dropped their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd.

Insider Activity at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $116.42, for a total value of $145,525.00. Following the sale, the executive vice president now directly owns 112,753 shares in the company, valued at $13,126,704.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of Jabil stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total transaction of $145,525.00. Following the transaction, the executive vice president now directly owns 112,753 shares in the company, valued at $13,126,704.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP May Yee Yap sold 4,274 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total value of $500,228.96. Following the sale, the senior vice president now directly owns 24,829 shares in the company, valued at approximately $2,905,986.16. The disclosure for this sale can be found here. Corporate insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Jabil

Several institutional investors have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. bought a new stake in shares of Jabil in the first quarter valued at about $25,000. Activest Wealth Management acquired a new stake in Jabil in the 1st quarter valued at approximately $28,000. HHM Wealth Advisors LLC bought a new stake in Jabil in the 2nd quarter valued at approximately $28,000. ORG Partners LLC acquired a new position in Jabil during the 1st quarter worth approximately $29,000. Finally, Innealta Capital LLC bought a new position in shares of Jabil during the 2nd quarter worth approximately $31,000. 93.39% of the stock is owned by institutional investors.

Jabil Stock Up 2.8 %

Shares of JBL opened at $113.96 on Friday. The company has a market capitalization of $12.93 billion, a P/E ratio of 10.37, a PEG ratio of 1.75 and a beta of 1.25. Jabil has a one year low of $95.85 and a one year high of $156.94. The business’s 50 day simple moving average is $107.08 and its 200-day simple moving average is $117.67. 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 (NYSE:JBL) last posted its quarterly earnings data on Thursday, June 20th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.53 billion. During the same quarter in the previous year, the firm earned $1.85 earnings per share. The business’s revenue was down 20.2% on a year-over-year basis. As a group, sell-side analysts predict that Jabil will post 7.86 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. Jabil’s dividend payout ratio is 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).