Jabil Inc. (NYSE:JBL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Jabil Inc. (NYSE:JBL) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $158.83.

Several analysts have recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their target price on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Barclays increased their price target on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. UBS Group lifted their price objective on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Jabil Price Performance

NYSE:JBL opened at $139.74 on Friday. The business’s 50-day moving average is $158.43 and its 200 day moving average is $136.12. Jabil has a 12 month low of $95.85 and a 12 month high of $174.80. The company has a market capitalization of $15.26 billion, a P/E ratio of 13.40, a P/E/G ratio of 1.65 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same period in the prior year, the firm earned $2.60 EPS. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. On average, equities research analysts forecast that Jabil will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.23%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio is presently 3.07%.

Insider Buying and Selling at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the sale, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. This represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the transaction, the director now owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock valued at $12,804,458 in the last three months. Company insiders own 1.73% of the company’s stock.

Institutional Trading of Jabil

A number of institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Jabil during the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Jabil during the 4th quarter valued at approximately $29,000. Capital Performance Advisors LLP acquired a new stake in Jabil during the 3rd quarter worth about $32,000. Millstone Evans Group LLC acquired a new position in Jabil in the 4th quarter worth approximately $37,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Jabil in the third quarter worth $39,000. 93.39% of the stock is currently owned by institutional investors.

About Jabil

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).