Jabil (NYSE:JBL) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Jabil (NYSE:JBL) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks reports.

A number of other research analysts also recently commented on JBL. JPMorgan Chase & Co. boosted their price objective on shares of Jabil from $425.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, October 1st. Barclays reduced their target price on Jabil from $426.00 to $378.00 and set an “overweight” rating for the company in a report on Thursday, October 1st. The Goldman Sachs Group reduced their target price on Jabil from $482.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, September 8th. UBS Group restated a “buy” rating on shares of Jabil in a research note on Thursday. Finally, Robert W. Baird increased their price target on Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $434.22.

Jabil Price Performance

Shares of NYSE JBL opened at $298.90 on Wednesday. Jabil has a twelve month low of $189.60 and a twelve month high of $428.93. The company has a market capitalization of $31.32 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 0.90 and a beta of 1.30. The firm has a 50-day moving average of $316.85 and a two-hundred day moving average of $327.50. 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 announced its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.35. Jabil had a return on equity of 89.50% and a net margin of 2.90%.The company had revenue of $10.62 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the prior year, the firm earned $3.29 EPS. The company’s quarterly revenue was up 28.6% compared to the same quarter last year. 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, analysts expect that Jabil will post 16.53 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, August 14th. Jabil’s payout ratio is currently 3.27%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Monument Capital Management boosted its position in shares of Jabil by 2.6% in the 3rd quarter. Monument Capital Management now owns 13,730 shares of the technology company’s stock worth $3,939,000 after purchasing an additional 347 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Jabil by 5.5% in the third quarter. Farther Finance Advisors LLC now owns 4,024 shares of the technology company’s stock valued at $1,154,000 after purchasing an additional 208 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Jabil by 52.7% in the third quarter. CoreCap Advisors LLC now owns 632 shares of the technology company’s stock valued at $181,000 after buying an additional 218 shares during the period. Avidian Wealth Enterprises LLC lifted its stake in Jabil by 124.8% in the third quarter. Avidian Wealth Enterprises LLC now owns 1,587 shares of the technology company’s stock valued at $455,000 after buying an additional 881 shares during the period. Finally, Bank of New Hampshire boosted its holdings in Jabil by 5.9% during the third quarter. Bank of New Hampshire now owns 3,528 shares of the technology company’s stock worth $1,012,000 after buying an additional 197 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Company Profile

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.