Analysts Set Jabil Inc. (NYSE:JBL) Price Target at $158.83

Jabil Inc. (NYSE:JBL - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $158.83.

Several equities research analysts recently weighed in on JBL shares. Barclays raised their price objective on Jabil from $157.00 to $179.00 and gave the company an "overweight" rating in a report on Friday, December 20th. The Goldman Sachs Group boosted their price target on Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Stifel Nicolaus reiterated a "buy" rating and issued a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. UBS Group boosted their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Finally, StockNews.com lowered Jabil from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

Insider Buying and Selling at Jabil

In other Jabil news, Director John C. Plant sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the sale, the director now owns 5,900 shares of the company's stock, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the company's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the transaction, the director now directly owns 119,108 shares in the company, valued at $18,021,040.40. The trade was a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,400 shares of company stock valued at $12,804,458. Corporate insiders own 1.73% of the company's stock.

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Institutional Trading of Jabil

Hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in shares of Jabil during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Jabil during the 4th quarter valued at about $29,000. Capital Performance Advisors LLP bought a new stake in Jabil during the 3rd quarter worth approximately $32,000. Millstone Evans Group LLC purchased a new stake in shares of Jabil in the fourth quarter worth approximately $37,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Jabil in the third quarter worth approximately $39,000. Institutional investors own 93.39% of the company's stock.

Jabil Price Performance

Shares of JBL stock traded down $6.13 during trading hours on Friday, reaching $133.82. The company's stock had a trading volume of 537,980 shares, compared to its average volume of 1,290,544. 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 fifty-two week low of $95.85 and a fifty-two week high of $174.80. The company has a market capitalization of $14.61 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.65 and a beta of 1.19. The firm's 50 day simple moving average is $158.43 and its 200-day simple moving average is $136.31.

Jabil (NYSE:JBL - Get Free Report) last posted its 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 firm had revenue of $6.99 billion during the quarter, compared to analysts' expectations of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business's revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.60 earnings per share. Sell-side analysts forecast that Jabil will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Tuesday, February 18th. Jabil's payout ratio is 3.07%.

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).