Brokerages Set Jabil, Inc. (NYSE:JBL) Target Price at $441.78

Shares of Jabil, Inc. (NYSE:JBL) have earned an average recommendation of “Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $441.7778.

Several brokerages have recently commented on JBL. Robert W. Baird increased their price target on shares of Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Stifel Nicolaus set a $460.00 price objective on shares of Jabil and gave the company a “buy” rating in a research note on Thursday, June 18th. Barclays upped their price objective on shares of Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th. Bank of America restated a “buy” rating and set a $470.00 target price on shares of Jabil in a report on Thursday, June 18th. Finally, The Goldman Sachs Group reduced their price target on Jabil from $482.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, September 8th.

Jabil Trading Up 0.5%

Shares of NYSE JBL opened at $297.64 on Thursday. The stock has a market cap of $31.19 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 0.67 and a beta of 1.29. The business has a 50 day simple moving average of $319.73 and a 200 day simple moving average of $321.88. Jabil has a 52 week low of $189.60 and a 52 week high of $428.93. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.66 and a current ratio of 0.98.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, June 17th. The technology company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.06. The firm had revenue of $8.75 billion for the quarter, compared to the consensus estimate of $8.61 billion. Jabil had a return on equity of 83.93% and a net margin of 2.57%.The firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.55 earnings per share. On average, research analysts predict that Jabil will post 11.71 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s payout ratio is currently 4.00%.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Matthew Crowley sold 94 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $345.00, for a total value of $32,430.00. Following the sale, the executive vice president owned 57,536 shares of the company’s stock, valued at $19,849,920. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Jabil

Hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC increased its position in Jabil by 3.8% during the second quarter. Sequoia Financial Advisors LLC now owns 9,016 shares of the technology company’s stock worth $3,476,000 after acquiring an additional 327 shares during the period. Tidal Investments LLC raised its stake in Jabil by 129.8% during the 2nd quarter. Tidal Investments LLC now owns 47,080 shares of the technology company’s stock valued at $18,148,000 after purchasing an additional 205,172 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Jabil in the 2nd quarter valued at $11,278,000. Engineers Gate Manager LP grew its position in Jabil by 162.0% in the 2nd quarter. Engineers Gate Manager LP now owns 122,011 shares of the technology company’s stock worth $47,033,000 after purchasing an additional 75,436 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Jabil by 19.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 2,416 shares of the technology company’s stock worth $931,000 after purchasing an additional 396 shares during the period. 93.39% of the stock is owned by institutional investors.

About Jabil

Jabil Inc is a global manufacturing and technology solutions provider that helps companies design, manufacture and manage products across their lifecycles. Its services include product and process engineering, supply-chain management, procurement, manufacturing, assembly, testing, packaging and aftermarket services.

The company supports customers in a range of industries, including cloud and data infrastructure, automotive, healthcare, connected devices, consumer products, energy and industrial applications.