Jabil (JBL) Stock Rating Upgraded by Standpoint Research
Standpoint Research upgraded shares of Jabil (NYSE:JBL) from a hold rating to a buy rating in a research report report published on Tuesday morning, MarketBeat reports.
JBL has been the topic of several other research reports. Goldman Sachs Group reduced their target price on shares of Jabil to $24.00 and set a sell rating on the stock in a report on Friday, January 26th. Zacks Investment Research upgraded shares of Jabil from a sell rating to a hold rating in a report on Friday, January 26th. Argus upgraded shares of Jabil from a hold rating to a buy rating and set a $36.00 target price on the stock in a report on Monday, December 18th. ValuEngine lowered shares of Jabil from a strong-buy rating to a buy rating in a report on Monday, December 4th. Finally, Raymond James Financial restated a hold rating on shares of Jabil in a report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $32.90.
Jabil (NYSE JBL) opened at $27.00 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.50 and a debt-to-equity ratio of 0.72. The firm has a market cap of $4,650.76, a price-to-earnings ratio of 47.37, a P/E/G ratio of 1.07 and a beta of 0.44. Jabil has a 1-year low of $23.70 and a 1-year high of $31.70.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.19%. Jabil’s dividend payout ratio is currently 56.14%.
In other Jabil news, SVP Sergio Cadavid sold 12,000 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $28.50, for a total value of $342,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President William E. Peters sold 13,915 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $27.61, for a total transaction of $384,193.15. The disclosure for this sale can be found here. Insiders sold a total of 53,745 shares of company stock worth $1,462,436 in the last quarter. 2.60% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. NorthCoast Asset Management LLC increased its position in shares of Jabil by 689.6% in the 4th quarter. NorthCoast Asset Management LLC now owns 940,389 shares of the technology company’s stock worth $24,685,000 after purchasing an additional 821,294 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Jabil by 31.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,167,430 shares of the technology company’s stock worth $83,147,000 after purchasing an additional 763,647 shares during the last quarter. LSV Asset Management increased its position in shares of Jabil by 18.7% in the 4th quarter. LSV Asset Management now owns 4,725,209 shares of the technology company’s stock worth $124,036,000 after purchasing an additional 745,305 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Jabil in the 4th quarter worth about $18,543,000. Finally, BlackRock Inc. increased its position in shares of Jabil by 4.1% in the 4th quarter. BlackRock Inc. now owns 15,673,789 shares of the technology company’s stock worth $411,435,000 after purchasing an additional 616,359 shares during the last quarter. Hedge funds and other institutional investors own 98.82% 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.
Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.