Jabil (NYSE:JBL) Stock Rating Upgraded by Zacks Research

Jabil (NYSE:JBL) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

JBL has been the topic of a number of other reports. Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 16th. The Goldman Sachs Group cut their price objective on Jabil from $482.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, September 8th. Raymond James Financial upped their price objective on shares of Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a research report on Thursday, June 18th. Barclays dropped their target price on shares of Jabil from $426.00 to $378.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. Finally, Robert W. Baird boosted their price target on shares of Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $434.22.

Jabil Price Performance

JBL stock opened at $298.90 on Wednesday. The firm has a 50 day moving average of $316.85 and a 200-day moving average of $327.50. The firm has a market capitalization of $31.32 billion, a P/E ratio of 30.56, a price-to-earnings-growth ratio of 0.90 and a beta of 1.30. Jabil has a 12 month low of $189.60 and a 12 month high of $428.93. The company has a current ratio of 0.99, a quick ratio of 0.65 and a debt-to-equity ratio of 1.78.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, September 30th. The technology company reported $4.40 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.35. The business had revenue of $10.62 billion for the quarter, compared to analyst estimates of $9.69 billion. Jabil had a net margin of 2.90% and a return on equity of 89.50%. Jabil’s revenue was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.29 EPS. Jabil has set its Q1 2027 guidance at 3.800-4.200 EPS and its FY 2027 guidance at 17.550-17.550 EPS. As a group, sell-side analysts predict that Jabil will post 16.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of JBL. Rakuten Securities Inc. bought a new position in Jabil during the 2nd quarter worth approximately $25,000. Bell Investment Advisors Inc purchased a new position in shares of Jabil in the second quarter worth $35,000. PenderFund Capital Management Ltd. purchased a new position in shares of Jabil in the second quarter worth $44,000. Persistent Asset Partners Ltd bought a new stake in Jabil during the 2nd quarter valued at $45,000. Finally, Jones Financial Companies Lllp bought a new stake in Jabil during the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

About Jabil

Jabil Inc is a global manufacturing services and technology company that helps brands design, manufacture, and manage products and supply chains. Its capabilities include product design and engineering, prototyping, production, assembly, testing, packaging, logistics, and aftermarket services.

The company serves customers across a range of industries, including healthcare, automotive, cloud and data infrastructure, communications, connected devices, industrial equipment, energy, and consumer products.