Jabil Inc. (NYSE:JBL) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Jabil Inc. (NYSE:JBL - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $153.17.

JBL has been the topic of several research analyst reports. Barclays boosted their price target on shares of Jabil from $157.00 to $179.00 and gave the company an "overweight" rating in a research report on Friday, December 20th. Stifel Nicolaus restated a "buy" rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com raised Jabil from a "hold" rating to a "buy" rating in a research note on Tuesday. UBS Group raised 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. Finally, Bank of America boosted their target price on shares of Jabil from $135.00 to $150.00 and gave the company a "buy" rating in a report on Friday, September 27th.

Insiders Place Their Bets

In other news, Director Steven A. Raymund sold 20,000 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the transaction, the director now directly owns 139,108 shares of the company's stock, valued at $17,346,767.60. This represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the sale, the senior vice president now owns 41,507 shares of the company's stock, valued at $5,051,816.97. The trade was a 22.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,038 shares of company stock valued at $8,073,666. Insiders own 1.73% of the company's stock.

Institutional Trading of Jabil

A number of institutional investors have recently made changes to their positions in JBL. Capital Performance Advisors LLP bought a new position in Jabil in the third quarter valued at about $32,000. Brooklyn Investment Group bought a new position in shares of Jabil in the 3rd quarter worth approximately $39,000. Matrix Trust Co boosted 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 worth $45,000 after buying an additional 214 shares during the last quarter. Armstrong Advisory Group Inc. grew its position in Jabil by 114.0% during the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company's stock valued at $51,000 after buying an additional 228 shares during the period. Finally, Sound Income Strategies LLC increased its holdings in Jabil by 945.7% during the third quarter. Sound Income Strategies LLC now owns 481 shares of the technology company's stock valued at $58,000 after buying an additional 435 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Trading Up 2.9 %

NYSE JBL traded up $4.72 on Friday, hitting $167.62. The company's stock had a trading volume of 1,449,926 shares, compared to its average volume of 1,412,575. The firm has a market cap of $18.30 billion, a P/E ratio of 16.07, a PEG ratio of 1.71 and a beta of 1.23. Jabil has a 52-week low of $95.85 and a 52-week high of $168.80. The company's 50-day simple moving average is $141.29 and its 200 day simple moving average is $123.72. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping analysts' consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm's revenue was down 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.60 earnings per share. Research analysts predict that Jabil will post 8.03 EPS for the current fiscal year.

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).