Shares of Jabil Inc (NYSE:JBL) have been assigned a consensus rating of “Hold” from the fifteen analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $32.88.

JBL has been the topic of a number of research analyst reports. Raymond James Financial reiterated a “hold” rating on shares of Jabil in a report on Thursday, December 14th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $40.00 target price on shares of Jabil in a report on Thursday, September 28th. ValuEngine downgraded Jabil from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Argus upgraded 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. Finally, Zacks Investment Research upgraded Jabil from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a report on Monday, October 2nd.

Jabil (JBL) traded down $0.48 on Monday, reaching $27.97. The company’s stock had a trading volume of 2,768,817 shares, compared to its average volume of 2,343,925. The company has a market cap of $4,950.00, a price-to-earnings ratio of 48.22, a price-to-earnings-growth ratio of 1.11 and a beta of 0.55. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.50. Jabil has a fifty-two week low of $22.88 and a fifty-two week high of $31.70.

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

In related news, CEO Erich Hoch sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $28.11, for a total value of $70,275.00. Following the sale, the chief executive officer now owns 225,303 shares in the company, valued at approximately $6,333,267.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President William E. Peters sold 13,915 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $27.61, for a total value of $384,193.15. The disclosure for this sale can be found here. Insiders sold a total of 122,835 shares of company stock worth $3,466,728 in the last 90 days. 2.60% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. IHT Wealth Management LLC grew its stake in shares of Jabil by 142.6% in the 2nd quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock worth $159,000 after buying an additional 211 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Jabil by 68.2% in the 2nd quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock worth $168,000 after buying an additional 2,337 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Jabil by 9.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock worth $177,000 after buying an additional 547 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Jabil in the 2nd quarter worth approximately $206,000. Finally, Bridgewater Associates LP purchased a new stake in shares of Jabil in the 2nd quarter worth approximately $219,000. Institutional investors own 95.83% of the company’s stock.

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Jabil Company Profile

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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