Jabil (JBL) Given News Impact Score of 0.26
News coverage about Jabil (NYSE:JBL) has been trending positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Jabil earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.2242494622609 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Jabil Inc (NYSE:JBL) Is Sliding, Watch This Level (inthemoneystocks.com)
- Hover Energy Selects Jabil to Streamline and Manufacture Its First Rooftop Array System (prweb.com)
- Jabil (JBL) Upgraded at Argus (americanbankingnews.com)
- Investors Purchase High Volume of Put Options on Jabil (JBL) (americanbankingnews.com)
- Jabil in Green Pre-Market Friday (finance.yahoo.com)
Shares of Jabil (JBL) traded down $0.21 during mid-day trading on Tuesday, reaching $26.75. The company’s stock had a trading volume of 4,447,953 shares, compared to its average volume of 1,990,569. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.50 and a current ratio of 0.95. Jabil has a 12 month low of $22.78 and a 12 month high of $31.70. The firm has a market capitalization of $4,928.98, a P/E ratio of 16.59, a P/E/G ratio of 1.05 and a beta of 0.55.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.20%. Jabil’s payout ratio is currently 56.14%.
A number of research firms recently commented on JBL. Argus upgraded Jabil from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Monday. Raymond James Financial reiterated a “hold” rating on shares of Jabil in a research note on Thursday, December 14th. ValuEngine downgraded Jabil from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 4th. Zacks Investment Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Finally, UBS reiterated a “buy” rating and issued a $35.00 price target on shares of Jabil in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $30.92.
In other news, CEO Mark T. Mondello sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $29.02, for a total transaction of $870,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Erich Hoch sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $28.49, for a total value of $71,225.00. Following the transaction, the chief executive officer now owns 206,943 shares of the company’s stock, valued at $5,895,806.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,680 shares of company stock valued at $4,204,246. Insiders own 2.60% of the company’s stock.
Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.
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