Jabil (JBL) Downgraded by TheStreet to “C+”

TheStreet lowered shares of Jabil (NYSE:JBL) from a b- rating to a c+ rating in a research note issued to investors on Tuesday morning.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. set a $37.00 price target on Jabil and gave the company a buy rating in a report on Wednesday, September 26th. ValuEngine lowered Jabil from a hold rating to a sell rating in a report on Saturday, October 6th. Finally, Zacks Investment Research lowered Jabil from a hold rating to a sell rating in a report on Wednesday, June 20th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $33.00.

JBL stock opened at $23.73 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.57 and a current ratio of 1.04. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 0.85 and a beta of 0.40. Jabil has a 1-year low of $23.28 and a 1-year high of $31.77.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Tuesday, September 25th. The technology company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.41 billion. Jabil had a return on equity of 16.56% and a net margin of 0.39%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 earnings per share. Analysts predict that Jabil will post 2.64 earnings per share for the current year.

In other news, CEO Alessandro Parimbelli sold 20,500 shares of the business’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $26.40, for a total value of $541,200.00. Following the sale, the chief executive officer now directly owns 339,811 shares in the company, valued at $8,971,010.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President William E. Peters sold 13,915 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $26.99, for a total value of $375,565.85. Following the completion of the sale, the president now owns 497,647 shares in the company, valued at $13,431,492.53. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,245 shares of company stock worth $2,618,431. Corporate insiders own 2.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Clinton Group Inc. acquired a new stake in shares of Jabil in the third quarter valued at about $790,000. Fox Run Management L.L.C. acquired a new stake in shares of Jabil in the third quarter valued at about $300,000. United Services Automobile Association increased its position in shares of Jabil by 1.2% in the second quarter. United Services Automobile Association now owns 258,319 shares of the technology company’s stock valued at $7,145,000 after acquiring an additional 3,172 shares during the last quarter. Royal London Asset Management Ltd. acquired a new stake in shares of Jabil in the second quarter valued at about $4,246,000. Finally, Northern Trust Corp increased its position in shares of Jabil by 7.1% in the second quarter. Northern Trust Corp now owns 2,018,480 shares of the technology company’s stock valued at $55,831,000 after acquiring an additional 133,721 shares during the last quarter. 89.88% of the stock is currently owned by institutional investors and hedge funds.

About Jabil

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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).

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