Jabil Inc. (NYSE:JBL) Receives $167.50 Average Target Price from Analysts

Shares of Jabil Inc. (NYSE:JBL) have been given an average rating of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $167.50.

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, March 21st. Stifel Nicolaus restated a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays upped their target price on Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Friday, March 21st. Finally, The Goldman Sachs Group lifted their price target on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research report on Monday, February 24th.

Insider Buying and Selling

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the transaction, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now directly owns 119,108 shares in the company, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,400 shares of company stock valued at $12,205,218 over the last quarter. Corporate insiders own 1.73% of the company’s stock.

Institutional Investors Weigh In On Jabil

A number of hedge funds and other institutional investors have recently bought and sold shares of JBL. Wellington Management Group LLP increased its stake in shares of Jabil by 70,781.4% in the fourth quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock valued at $835,876,000 after buying an additional 5,800,535 shares in the last quarter. FMR LLC raised its stake in shares of Jabil by 8.1% in the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company’s stock worth $796,220,000 after acquiring an additional 416,841 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Jabil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,810,519 shares of the technology company’s stock worth $404,024,000 after purchasing an additional 34,574 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Jabil by 18.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company’s stock valued at $270,187,000 after purchasing an additional 288,806 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $218,430,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Trading Down 5.2 %

Shares of NYSE JBL opened at $117.13 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil has a 12 month low of $95.85 and a 12 month high of $174.80. The company has a market cap of $12.79 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.65 and a beta of 1.12. The business has a fifty day simple moving average of $150.60 and a 200-day simple moving average of $140.47.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.83 by $0.11. The company had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company posted $1.68 earnings per share. Sell-side analysts predict that Jabil will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Jabil’s dividend payout ratio (DPR) is currently 7.66%.

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).