Argus upgraded shares of Jabil (NYSE:JBL) from a hold rating to a buy rating in a research report report published on Monday, MarketBeat.com reports. They currently have $36.00 price objective on the technology company’s stock.

JBL has been the topic of a number of other reports. Needham & Company LLC reaffirmed a buy rating and issued a $37.00 price objective on shares of Jabil in a report on Friday, September 1st. ValuEngine raised Jabil from a buy rating to a strong-buy rating in a report on Thursday, September 7th. Bank of America lowered Jabil from a buy rating to a neutral rating in a report on Monday, September 25th. They noted that the move was a valuation call. Citigroup reaffirmed a sell rating and issued a $28.00 price objective on shares of Jabil in a report on Thursday, September 28th. Finally, J P Morgan Chase & Co reaffirmed a buy rating and issued a $40.00 price objective on shares of Jabil in a report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $31.67.

Jabil (NYSE:JBL) opened at $26.90 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.50 and a current ratio of 0.95. The firm has a market capitalization of $4,730.90, a P/E ratio of 15.92, a P/E/G ratio of 1.08 and a beta of 0.55. Jabil has a 1-year low of $22.78 and a 1-year high of $31.70.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, December 14th. The technology company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.50 billion. Jabil had a return on equity of 12.95% and a net margin of 0.54%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 EPS. analysts anticipate that Jabil will post 2.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Tuesday, November 14th. Jabil’s dividend payout ratio is 56.14%.

In other news, CEO Mark T. Mondello sold 30,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $28.48, for a total transaction of $854,400.00. Following the sale, the chief executive officer now directly owns 1,836,889 shares of the company’s stock, valued at approximately $52,314,598.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Erich Hoch sold 2,500 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 206,943 shares in the company, valued at $5,895,806.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,680 shares of company stock worth $4,204,246. 2.60% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Jabil by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 13,967,548 shares of the technology company’s stock worth $407,712,000 after purchasing an additional 134,408 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Jabil by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,980,736 shares of the technology company’s stock worth $170,778,000 after buying an additional 29,530 shares during the last quarter. AJO LP lifted its position in shares of Jabil by 7,383.3% during the 2nd quarter. AJO LP now owns 3,512,607 shares of the technology company’s stock worth $102,533,000 after buying an additional 3,465,668 shares during the last quarter. LSV Asset Management lifted its position in shares of Jabil by 11.8% during the 2nd quarter. LSV Asset Management now owns 3,071,682 shares of the technology company’s stock worth $89,662,000 after buying an additional 323,845 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Jabil by 15.6% during the 2nd quarter. Northern Trust Corp now owns 2,004,392 shares of the technology company’s stock worth $58,508,000 after buying an additional 269,985 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.

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About Jabil

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.

Analyst Recommendations for Jabil (NYSE:JBL)

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