Jabil Inc. (NYSE:JBL) Receives $143.50 Consensus Price Target from Brokerages

Jabil Inc. (NYSE:JBL - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $143.50.

A number of analysts have recently commented on the company. Barclays boosted their price target on Jabil from $135.00 to $157.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Bank of America increased their target price on Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. JPMorgan Chase & Co. lowered their price target on Jabil from $137.00 to $133.00 and set an "overweight" rating for the company in a research report on Tuesday, September 3rd. Finally, Stifel Nicolaus increased their price objective on shares of Jabil from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, September 27th.

Jabil Stock Down 0.3 %

JBL stock traded down $0.37 during midday trading on Monday, hitting $127.30. The stock had a trading volume of 1,161,240 shares, compared to its average volume of 1,462,482. The business has a 50-day moving average of $115.99 and a two-hundred day moving average of $114.50. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. The firm has a market cap of $14.36 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24. Jabil has a 52-week low of $95.85 and a 52-week high of $156.94.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.59 billion. During the same period in the prior year, the firm earned $2.34 EPS. The company's revenue was down 17.7% compared to the same quarter last year. As a group, equities research analysts forecast that Jabil will post 7.84 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Friday, November 15th. Jabil's dividend payout ratio is currently 2.90%.

Insider Buying and Selling at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the firm's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the transaction, the executive vice president now directly owns 108,753 shares in the company, valued at $12,908,981.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Frederic E. Mccoy sold 4,000 shares of the firm's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the transaction, the executive vice president now directly owns 108,753 shares of the company's stock, valued at approximately $12,908,981.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Francis Mckay sold 11,755 shares of the business's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $121.71, for a total value of $1,430,701.05. Following the sale, the senior vice president now directly owns 41,507 shares of the company's stock, valued at $5,051,816.97. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,689 shares of company stock worth $5,377,431. Insiders own 2.62% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC bought a new stake in Jabil in the 2nd quarter valued at $28,000. ORG Partners LLC purchased a new position in shares of Jabil in the first quarter valued at $29,000. Innealta Capital LLC bought a new stake in Jabil in the second quarter worth $31,000. Capital Performance Advisors LLP purchased a new stake in Jabil during the third quarter valued at $32,000. Finally, Family Firm Inc. purchased a new stake in shares of Jabil during the 2nd quarter valued at about $37,000. 93.39% of the stock is currently owned by institutional investors.

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).