Jabil (NYSE:JBL) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Jabil (NYSE:JBL) from a hold rating to a buy rating in a research note released on Tuesday.

Several other research analysts also recently weighed in on JBL. Argus downgraded Jabil from a buy rating to a hold rating in a research note on Tuesday, March 19th. The Goldman Sachs Group lifted their target price on Jabil from $141.00 to $161.00 and gave the company a buy rating in a research note on Monday, March 4th. Finally, Barclays lowered their target price on Jabil from $151.00 to $149.00 and set an overweight rating on the stock in a research note on Monday, March 18th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Buy and a consensus price target of $144.50.

Jabil Trading Down 0.2 %

NYSE:JBL opened at $118.27 on Tuesday. The stock’s 50 day moving average price is $135.97 and its 200 day moving average price is $130.75. The company has a market capitalization of $14.26 billion, a PE ratio of 10.15, a P/E/G ratio of 1.28 and a beta of 1.40. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. Jabil has a 52-week low of $75.48 and a 52-week high of $156.94.

Jabil (NYSE:JBL) last released its quarterly earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. On average, research analysts anticipate that Jabil will post 7.83 EPS for the current year.

Jabil Dividend Announcement

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

Insider Activity

In other news, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the sale, 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 link. In related news, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction on Monday, April 8th. The stock was 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 $4,050,687.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David M. Stout sold 31,300 shares of Jabil stock in a transaction on Monday, January 29th. The stock was sold at an average price of $123.12, for a total value of $3,853,656.00. Following the transaction, the director now directly owns 67,300 shares of the company’s stock, valued at $8,285,976. 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. 2.62% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Jabil

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Czech National Bank raised its holdings in Jabil by 0.3% during the first quarter. Czech National Bank now owns 22,439 shares of the technology company’s stock worth $3,006,000 after purchasing an additional 73 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Jabil by 3.9% in the fourth quarter. HB Wealth Management LLC now owns 2,183 shares of the technology company’s stock worth $278,000 after acquiring an additional 82 shares during the last quarter. Beacon Pointe Advisors LLC raised its holdings in shares of Jabil by 2.5% in the fourth quarter. Beacon Pointe Advisors LLC now owns 3,377 shares of the technology company’s stock worth $430,000 after acquiring an additional 83 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Jabil by 1.3% in the third quarter. Signaturefd LLC now owns 6,761 shares of the technology company’s stock worth $858,000 after acquiring an additional 86 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Jabil by 0.9% in the fourth quarter. Mackenzie Financial Corp now owns 10,258 shares of the technology company’s stock worth $1,307,000 after acquiring an additional 90 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

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).