Jabil (NYSE:JBL) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Jabil (NYSE:JBL - Free Report) from a hold rating to a buy rating in a report released on Friday morning.

A number of other equities analysts also recently weighed in on JBL. The Goldman Sachs Group boosted their target price on shares of Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Barclays boosted their target price on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday. UBS Group raised their price target on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday. Stifel Nicolaus reiterated a "buy" rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $167.50.

Jabil Price Performance

Shares of JBL traded down $1.77 on Friday, hitting $148.20. The company's stock had a trading volume of 1,921,447 shares, compared to its average volume of 1,393,781. The company has a market capitalization of $16.18 billion, a PE ratio of 14.21, a PEG ratio of 1.65 and a beta of 1.19. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The company has a 50 day moving average price of $155.73 and a 200 day moving average price of $139.06. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Remove Ads

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.73 billion for the quarter, compared to analysts' expectations of $6.40 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts anticipate that Jabil will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.22%. The ex-dividend date was Tuesday, February 18th. Jabil's dividend payout ratio (DPR) is currently 7.66%.

Insider Activity

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 138,472 shares of the company's stock, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares in the company, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,400 shares of company stock valued at $12,804,458. 1.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. 111 Capital bought a new position in shares of Jabil during the fourth quarter worth approximately $940,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Jabil by 68.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 22,318 shares of the technology company's stock worth $3,212,000 after buying an additional 9,039 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of Jabil by 3.8% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 10,701 shares of the technology company's stock valued at $1,540,000 after acquiring an additional 394 shares during the period. BridgePort Financial Solutions LLC acquired a new position in shares of Jabil in the fourth quarter valued at about $618,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Jabil during the fourth quarter worth about $9,123,000. 93.39% of the stock is 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).