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

Shares of Jabil Inc. (NYSE:JBL) have been given an average recommendation of “Buy” by the seven brokerages that are covering the stock, MarketBeat.com reports. One 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 analysts that have covered the stock in the last year is $144.50.

JBL has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a report on Monday, March 4th. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays reduced their price objective on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a report on Monday, March 18th. Finally, Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th.

Insider Activity

In other news, SVP May Yee Yap sold 7,877 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the transaction, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP May Yee Yap sold 7,877 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the transaction, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mark T. Mondello sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the sale, the chairman now owns 1,809,194 shares in the company, valued at $228,121,271.46. The disclosure for this sale can be found here. Insiders sold 107,177 shares of company stock valued at $13,678,039 in the last three months. Company insiders own 2.62% of the company’s stock.

Institutional Trading of Jabil

A number of institutional investors have recently modified their holdings of JBL. Gulf International Bank UK Ltd purchased a new stake in shares of Jabil during the 3rd quarter valued at approximately $1,380,000. CWM LLC lifted its stake in Jabil by 11.2% in the 3rd quarter. CWM LLC now owns 2,767 shares of the technology company’s stock worth $351,000 after purchasing an additional 278 shares in the last quarter. Ronald Blue Trust Inc. lifted its stake in Jabil by 172.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 2,655 shares of the technology company’s stock worth $337,000 after purchasing an additional 1,682 shares in the last quarter. Field & Main Bank lifted its stake in Jabil by 10.2% in the 3rd quarter. Field & Main Bank now owns 1,775 shares of the technology company’s stock worth $225,000 after purchasing an additional 165 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in Jabil by 2.0% in the 3rd quarter. IFP Advisors Inc now owns 4,608 shares of the technology company’s stock worth $585,000 after purchasing an additional 92 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Trading Down 0.5 %

JBL opened at $120.24 on Thursday. Jabil has a 1-year low of $75.48 and a 1-year high of $156.94. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08. The company has a market cap of $14.50 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. The company has a fifty day moving average price of $136.83 and a two-hundred day moving average price of $130.95.

Jabil (NYSE:JBL) last posted its quarterly earnings results 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 company had revenue of $6.77 billion during 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 predict that Jabil will post 7.83 EPS for the current fiscal year.

Jabil Announces Dividend

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

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).