Jabil, Inc. (NYSE:JBL) Stock Has Consensus Price Target of $434.22

Shares of Jabil, Inc. (NYSE:JBL) have been assigned an average rating of “Buy” from the eleven analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $434.22.

Several research analysts have commented on JBL shares. Bank of America reissued a “buy” rating and set a $470.00 target price on shares of Jabil in a research note on Thursday, June 18th. UBS Group raised shares of Jabil from a “neutral” rating to a “buy” rating and set a $430.00 price target on the stock in a report on Tuesday, August 11th. Zacks Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. JPMorgan Chase & Co. increased their price objective on shares of Jabil from $425.00 to $430.00 and gave the company an “overweight” rating in a research note on Thursday, October 1st. Finally, Stifel Nicolaus set a $460.00 target price on shares of Jabil and gave the company a “buy” rating in a research report on Thursday, June 18th.

Jabil Trading Down 3.2%

Shares of JBL opened at $299.24 on Monday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.65 and a current ratio of 0.99. Jabil has a 52-week low of $189.60 and a 52-week high of $428.93. The firm has a market cap of $31.36 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 0.93 and a beta of 1.30. The business’s fifty day moving average is $317.04 and its 200-day moving average is $327.18.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.35. The business had revenue of $10.62 billion during the quarter, compared to the consensus estimate of $9.69 billion. Jabil had a return on equity of 89.50% and a net margin of 2.90%.Jabil’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same period in the prior year, the company earned $3.29 EPS. Jabil has set its Q1 2027 guidance at 3.800-4.200 EPS and its FY 2027 guidance at 17.550-17.550 EPS. Equities analysts anticipate that Jabil will post 16.53 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, August 14th. Jabil’s dividend payout ratio is presently 3.27%.

Institutional Investors Weigh In On Jabil

Hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Jabil in the 2nd quarter worth about $3,905,704,000. Primecap Management Co. CA acquired a new stake in shares of Jabil during the second quarter valued at about $1,220,861,000. Bank of America Corp DE bought a new stake in shares of Jabil during the second quarter worth about $447,882,000. JPMorgan Chase & Co. grew its holdings in shares of Jabil by 45.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock worth $429,714,000 after purchasing an additional 591,364 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Jabil in the second quarter valued at approximately $411,079,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

About Jabil

Jabil Inc is a global manufacturing services and technology company that helps brands design, manufacture, and manage products and supply chains. Its capabilities include product design and engineering, prototyping, production, assembly, testing, packaging, logistics, and aftermarket services.

The company serves customers across a range of industries, including healthcare, automotive, cloud and data infrastructure, communications, connected devices, industrial equipment, energy, and consumer products.