Analysts Set Jabil Inc. (NYSE:JBL) Price Target at $143.50

Shares of Jabil Inc. (NYSE:JBL) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $143.50.

Several brokerages have recently commented on JBL. StockNews.com raised Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. decreased 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. Barclays raised their target price on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Stifel Nicolaus increased their target price on shares of Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Bank of America increased their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th.

Jabil Trading Up 0.2 %

Shares of JBL opened at $135.51 on Friday. The business’s 50-day moving average price is $126.75 and its 200 day moving average price is $116.53. The stock has a market capitalization of $15.29 billion, a P/E ratio of 12.30, a P/E/G ratio of 1.59 and a beta of 1.25. 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 results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. Jabil’s revenue was down 17.7% on a year-over-year basis. During the same quarter last year, the business posted $2.34 EPS. Analysts expect that Jabil will post 7.84 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. Jabil’s dividend payout ratio (DPR) is presently 2.90%.

Insider Transactions at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the transaction, the director now owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the transaction, the senior vice president now directly owns 41,507 shares in the company, valued at $5,051,816.97. This trade represents a 22.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,689 shares of company stock worth $5,377,431. 2.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jabil

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp lifted its stake in Jabil by 6.0% during the third quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock worth $195,000 after purchasing an additional 90 shares during the period. Verdence Capital Advisors LLC boosted its holdings in Jabil by 2.9% during the third quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock valued at $387,000 after purchasing an additional 91 shares in the last quarter. Gateway Investment Advisers LLC boosted its holdings in Jabil by 3.5% during the third quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company’s stock valued at $376,000 after purchasing an additional 105 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Jabil by 15.3% during the second quarter. GAMMA Investing LLC now owns 797 shares of the technology company’s stock valued at $87,000 after purchasing an additional 106 shares in the last quarter. Finally, M&R Capital Management Inc. boosted its holdings in Jabil by 8.4% during the second quarter. M&R Capital Management Inc. now owns 1,380 shares of the technology company’s stock valued at $150,000 after purchasing an additional 107 shares in the last quarter. 93.39% of the stock is owned by institutional investors.

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).