Brokerages Set Jabil Inc. (NYSE:JBL) Price Target at $144.50

Shares of Jabil Inc. (NYSE:JBLGet Free Report) have earned an average recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $144.50.

JBL has been the topic of a number of research reports. Barclays dropped their price objective on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, March 18th. Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group raised their price objective on shares of Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th.

View Our Latest Stock Analysis on JBL

Insider Buying and Selling at Jabil

In related news, Director David M. Stout sold 31,300 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the transaction, the director now directly owns 67,300 shares of the company’s stock, valued at $8,285,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Jabil news, Chairman Mark T. Mondello sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total value of $6,304,500.00. Following the completion of the sale, the chairman now owns 1,809,194 shares in the company, valued at approximately $228,121,271.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David M. Stout sold 31,300 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the transaction, the director now owns 67,300 shares in the company, valued at $8,285,976. The disclosure for this sale can be found here. Insiders have sold a total of 107,177 shares of company stock valued at $13,678,039 in the last three months. 2.62% of the stock is currently owned by company insiders.

Institutional Trading of Jabil

A number of institutional investors have recently bought and sold shares of the company. Alaska Permanent Fund Corp acquired a new stake in Jabil in the fourth quarter valued at approximately $29,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of Jabil during the 4th quarter valued at $32,000. Amundi lifted its stake in shares of Jabil by 419.8% in the 4th quarter. Amundi now owns 421 shares of the technology company’s stock valued at $32,000 after purchasing an additional 340 shares during the last quarter. Riverview Trust Co bought a new stake in Jabil in the first quarter worth $33,000. Finally, CVA Family Office LLC acquired a new position in Jabil during the fourth quarter worth $36,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Down 8.4 %

Jabil stock opened at $118.75 on Thursday. Jabil has a 52 week low of $75.48 and a 52 week high of $156.94. The stock has a market cap of $14.32 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 1.38 and a beta of 1.40. The company’s 50-day moving average price is $138.03 and its two-hundred day moving average price is $131.15. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08.

Jabil (NYSE:JBLGet Free Report) last posted its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. On average, analysts expect that Jabil will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Jabil’s payout ratio is 2.75%.

Jabil Company Profile

(Get Free Report

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).

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Analyst Recommendations for Jabil (NYSE:JBL)

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