Brokerages Set Jabil Inc. (NYSE:JBL) Target Price at $153.17

Shares of Jabil Inc. (NYSE:JBL - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $153.17.

A number of equities research analysts have recently commented on the company. UBS Group increased their price objective on Jabil from $128.00 to $152.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Bank of America upped their price target on shares of Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. StockNews.com lowered shares of Jabil from a "strong-buy" rating to a "buy" rating in a research report on Thursday, December 19th. Barclays increased their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, JPMorgan Chase & Co. decreased their target price on Jabil from $137.00 to $133.00 and set an "overweight" rating for the company in a research report on Tuesday, September 3rd.

Insider Activity

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total value of $474,800.00. Following the sale, the executive vice president now owns 108,753 shares in the company, valued at approximately $12,908,981.10. The trade was a 3.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Matthew Crowley sold 1,380 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $125.83, for a total transaction of $173,645.40. Following the sale, the executive vice president now owns 18,568 shares of the company's stock, valued at $2,336,411.44. This trade represents a 6.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,689 shares of company stock worth $5,377,431. Corporate insiders own 1.73% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. HHM Wealth Advisors LLC bought a new position in shares of Jabil in the second quarter valued at about $28,000. Innealta Capital LLC bought a new position in shares of Jabil in the second quarter worth about $31,000. Capital Performance Advisors LLP acquired a new position in shares of Jabil during the third quarter worth approximately $32,000. Brooklyn Investment Group bought a new stake in shares of Jabil during the third quarter valued at approximately $39,000. Finally, Matrix Trust Co increased its holdings in shares of Jabil by 135.4% in the third quarter. Matrix Trust Co now owns 372 shares of the technology company's stock valued at $45,000 after purchasing an additional 214 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

Jabil Stock Performance

Jabil stock traded up $2.10 during mid-day trading on Tuesday, hitting $147.77. 537,193 shares of the company's stock traded hands, compared to its average volume of 1,451,081. The company has a market cap of $16.50 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25. The firm has a 50 day moving average price of $131.53 and a 200 day moving average price of $118.58. Jabil has a one year low of $95.85 and a one year high of $156.94. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.88 by $0.12. The firm had revenue of $6.99 billion for the quarter, compared to analysts' expectations of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. Jabil's quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter last year, the company earned $2.60 EPS. On average, equities analysts forecast that Jabil will post 7.89 EPS for the current year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Friday, November 15th. Jabil's dividend payout ratio is 3.07%.

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).