Jabil Inc. (NYSE:JBL) Receives $153.17 Average PT from Analysts

Shares of Jabil Inc. (NYSE:JBL - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $153.17.

JBL has been the subject of a number of recent research reports. Bank of America raised their target price on Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. UBS Group raised their price target on Jabil from $128.00 to $152.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Barclays raised their price target on Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a report on Friday, December 20th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. Finally, The Goldman Sachs Group raised their price target on Jabil from $136.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th.

Jabil Stock Up 0.7 %

NYSE:JBL traded up $1.21 on Friday, hitting $162.94. The stock had a trading volume of 1,620,731 shares, compared to its average volume of 1,496,248. The business's fifty day moving average is $140.74 and its 200 day moving average is $123.16. The company has a market cap of $18.20 billion, a PE ratio of 15.62, a P/E/G ratio of 1.61 and a beta of 1.23. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil has a 52 week low of $95.85 and a 52 week high of $164.25.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $6.99 billion for 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 company's quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.60 earnings per share. On average, equities research analysts expect that Jabil will post 8.02 EPS for the current fiscal year.

Insider Buying and Selling at Jabil

In other news, SVP Francis Mckay sold 11,755 shares of the company's stock in a transaction on 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 directly owns 41,507 shares in the company, valued at $5,051,816.97. This represents a 22.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Matthew Crowley sold 2,271 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $123.54, for a total value of $280,559.34. Following the completion of the sale, the executive vice president now owns 15,564 shares of the company's stock, valued at $1,922,776.56. The trade was a 12.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,309 shares of company stock worth $8,354,226. Insiders own 1.73% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JBL. Capital Performance Advisors LLP purchased a new stake in Jabil in the 3rd quarter worth about $32,000. Brooklyn Investment Group purchased a new position in Jabil during the third quarter valued at approximately $39,000. Matrix Trust Co increased its holdings in Jabil by 135.4% during the third quarter. Matrix Trust Co now owns 372 shares of the technology company's stock valued at $45,000 after buying an additional 214 shares during the period. Armstrong Advisory Group Inc. boosted its stake in Jabil by 114.0% in the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company's stock valued at $51,000 after acquiring an additional 228 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in Jabil by 945.7% in the third quarter. Sound Income Strategies LLC now owns 481 shares of the technology company's stock valued at $58,000 after acquiring an additional 435 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

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).