Jabil Inc. (NYSE:JBL) Receives $144.50 Average PT from Brokerages

Jabil Inc. (NYSE:JBL) has been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $144.50.

A number of research firms have recently issued reports on JBL. The Goldman Sachs Group lifted their target price on shares of Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, March 4th. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Barclays dropped their price target on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, March 18th. Finally, Argus cut Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th.

Jabil Price Performance

JBL opened at $119.25 on Thursday. The stock has a fifty day moving average price of $137.60 and a 200 day moving average price of $131.09. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08. Jabil has a 1 year low of $75.48 and a 1 year high of $156.94. The stock has a market cap of $14.38 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 1.26 and a beta of 1.40.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.01). The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. Analysts forecast that Jabil will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Tuesday, May 14th. Jabil’s payout ratio is 2.75%.

Insiders Place Their Bets

In other news, EVP Gerald Creadon sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the transaction, the executive vice president now owns 65,434 shares in the company, valued at $8,874,159.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Jabil news, Director David M. Stout sold 31,300 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $123.12, for a total value of $3,853,656.00. Following the completion of the sale, the director now owns 67,300 shares of the company’s stock, valued at approximately $8,285,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gerald Creadon sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the transaction, the executive vice president now directly owns 65,434 shares in the company, valued at $8,874,159.08. The disclosure for this sale can be found here. Insiders sold 107,177 shares of company stock worth $13,678,039 over the last three months. Insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Jabil

A number of large investors have recently added to or reduced their stakes in JBL. Alaska Permanent Fund Corp bought a new position in Jabil in the 4th quarter valued at about $29,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Jabil during the 4th quarter worth approximately $32,000. Riverview Trust Co bought a new position in Jabil in the first quarter valued at approximately $33,000. CVA Family Office LLC acquired a new position in Jabil during the fourth quarter valued at approximately $36,000. Finally, Valley National Advisers Inc. bought a new stake in Jabil during the fourth quarter worth $36,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Company Profile

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).