Jabil, Inc. (NYSE:JBL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Jabil, Inc. (NYSE:JBL) has received an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $248.4286.

A number of equities research analysts have commented on the company. Bank of America raised their price objective on Jabil from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. JPMorgan Chase & Co. boosted their price objective on shares of Jabil from $214.00 to $256.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Stifel Nicolaus began coverage on shares of Jabil in a research report on Wednesday, July 2nd. They issued a “buy” rating and a $245.00 target price for the company. Finally, Argus upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Wednesday, June 18th.

Insider Transactions at Jabil

In other Jabil news, Director Steven A. Raymund sold 13,432 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $223.11, for a total value of $2,996,813.52. Following the completion of the sale, the director directly owned 86,396 shares of the company’s stock, valued at $19,275,811.56. The trade was a 13.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Andrew Priestley sold 3,702 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $225.00, for a total transaction of $832,950.00. Following the transaction, the executive vice president owned 44,833 shares in the company, valued at approximately $10,087,425. This trade represents a 7.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,416 shares of company stock valued at $14,071,089 in the last quarter. Corporate insiders own 1.73% of the company’s stock.

Hedge Funds Weigh In On Jabil

Several hedge funds have recently bought and sold shares of JBL. Wellington Management Group LLP lifted its position in shares of Jabil by 12.9% in the first quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company’s stock worth $892,096,000 after buying an additional 747,423 shares during the last quarter. Primecap Management Co. CA raised its stake in shares of Jabil by 0.7% in the 2nd quarter. Primecap Management Co. CA now owns 3,410,410 shares of the technology company’s stock valued at $743,810,000 after acquiring an additional 24,650 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Jabil by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,893,485 shares of the technology company’s stock worth $628,519,000 after purchasing an additional 65,949 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Jabil by 5.9% during the second quarter. JPMorgan Chase & Co. now owns 2,302,307 shares of the technology company’s stock worth $502,133,000 after purchasing an additional 129,212 shares during the period. Finally, Boston Partners grew its holdings in Jabil by 224.4% during the second quarter. Boston Partners now owns 1,898,681 shares of the technology company’s stock valued at $414,119,000 after purchasing an additional 1,313,338 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Price Performance

Shares of NYSE:JBL opened at $214.90 on Thursday. The company’s fifty day moving average is $216.05 and its two-hundred day moving average is $185.83. The company has a market cap of $23.06 billion, a P/E ratio of 36.06, a price-to-earnings-growth ratio of 1.54 and a beta of 1.26. Jabil has a 12-month low of $108.66 and a 12-month high of $237.14. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 1.57.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is 5.37%.

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).