Jabil Inc. (NYSE:JBL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Jabil Inc. (NYSE:JBL) have been given an average rating of “Moderate Buy” by the eight research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $142.63.

JBL has been the subject of a number of analyst reports. Barclays lowered their price target on Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Argus lowered Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. UBS Group reduced their target price on Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Finally, JPMorgan Chase & Co. reduced their target price on Jabil from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note 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 on Monday, April 15th. The stock was sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the transaction, the chief executive officer now owns 339,725 shares in the company, valued at $45,591,095. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Jabil

A number of institutional investors have recently added to or reduced their stakes in JBL. Benjamin Edwards Inc. bought a new stake in Jabil during the first quarter valued at about $25,000. Activest Wealth Management bought a new stake in Jabil during the first quarter valued at about $28,000. Alaska Permanent Fund Corp bought a new stake in Jabil during the fourth quarter valued at about $29,000. ORG Partners LLC bought a new stake in Jabil during the first quarter valued at about $29,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Jabil during the fourth quarter valued at about $32,000. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Up 1.3 %

Shares of JBL opened at $110.02 on Tuesday. The company has a market cap of $13.27 billion, a PE ratio of 10.01, a P/E/G ratio of 1.94 and a beta of 1.27. The business has a fifty day moving average of $116.20 and a 200 day moving average of $126.93. Jabil has a 52-week low of $100.18 and a 52-week high of $156.94. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 1.26.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 40.30% and a net margin of 4.63%. Jabil’s revenue was down 20.2% on a year-over-year basis. During the same period last year, the company earned $1.85 earnings per share. On average, sell-side analysts expect that Jabil will post 7.86 EPS for the current year.

Jabil Dividend Announcement

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

Jabil Company Profile

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).