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

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

JBL has been the topic of several analyst reports. Barclays lowered their target price on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a report on Monday, March 18th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. The Goldman Sachs Group boosted their target price on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Argus cut Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th.

Jabil Trading Down 0.3 %

Shares of JBL stock opened at $115.02 on Monday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. The firm has a fifty day moving average of $127.72 and a 200-day moving average of $129.41. Jabil has a 52-week low of $82.68 and a 52-week high of $156.94. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 9.87, a P/E/G ratio of 1.23 and a beta of 1.42.

Jabil (NYSE:JBL) last released 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). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.91 billion. On average, equities research analysts forecast that Jabil will post 7.83 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.28%. The ex-dividend date is Tuesday, May 14th. Jabil’s dividend payout ratio (DPR) is presently 2.75%.

Insider Buying and Selling at Jabil

In other news, CEO Kenneth S. Wilson sold 15,000 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the sale, the chief executive officer now owns 339,725 shares in the company, valued at $45,591,095. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Jabil news, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction 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 sale, the senior vice president now owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kenneth S. Wilson sold 15,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the sale, the chief executive officer now owns 339,725 shares of the company’s stock, valued at approximately $45,591,095. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,877 shares of company stock worth $9,824,383. Insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Jabil

A number of institutional investors have recently made changes to their positions in JBL. iA Global Asset Management Inc. bought a new position in Jabil during the first quarter worth about $233,000. Comerica Bank raised its position in shares of Jabil by 68.5% in the 1st quarter. Comerica Bank now owns 42,709 shares of the technology company’s stock valued at $5,721,000 after acquiring an additional 17,355 shares during the period. Hancock Whitney Corp boosted its stake in Jabil by 0.8% during the 1st quarter. Hancock Whitney Corp now owns 160,893 shares of the technology company’s stock worth $21,552,000 after acquiring an additional 1,337 shares during the last quarter. Tidal Investments LLC grew its holdings in Jabil by 39.7% during the first quarter. Tidal Investments LLC now owns 14,282 shares of the technology company’s stock valued at $1,913,000 after purchasing an additional 4,056 shares during the period. Finally, Redwood Investment Management LLC increased its stake in Jabil by 1.4% in the first quarter. Redwood Investment Management LLC now owns 11,228 shares of the technology company’s stock valued at $1,504,000 after purchasing an additional 160 shares in 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).