Jabil Inc. (NYSE:JBL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Jabil Inc. (NYSE:JBL) have received an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $142.63.

JBL has been the subject of several research analyst reports. Barclays reduced their price objective on Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, June 21st. JPMorgan Chase & Co. reduced their price objective on Jabil from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Monday, June 17th. UBS Group reduced their price objective on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, June 21st. Finally, Bank of America cut their price target on Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, June 21st.

Insider Activity

In other news, SVP May Yee Yap sold 4,274 shares of Jabil stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the transaction, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Frederic E. Mccoy sold 1,250 shares of Jabil stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total transaction of $145,525.00. Following the transaction, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP May Yee Yap sold 4,274 shares of Jabil stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following the transaction, the senior vice president now directly owns 24,829 shares in the company, valued at $2,905,986.16. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Benjamin Edwards Inc. bought a new position in Jabil in the 1st quarter worth approximately $25,000. Activest Wealth Management bought a new position in Jabil in the 1st quarter worth approximately $28,000. ORG Partners LLC bought a new position in Jabil in the 1st quarter worth approximately $29,000. Alaska Permanent Fund Corp bought a new position in Jabil in the 4th quarter worth approximately $29,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in Jabil in the 4th quarter worth approximately $32,000. 93.39% of the stock is currently owned by institutional investors.

Jabil Price Performance

JBL opened at $107.60 on Wednesday. The stock has a 50-day moving average price of $109.27 and a 200-day moving average price of $122.03. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74. The firm has a market cap of $12.21 billion, a PE ratio of 9.79, a P/E/G ratio of 1.95 and a beta of 1.27. Jabil has a 1 year low of $95.85 and a 1 year high of $156.94.

Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, June 20th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.85 by $0.04. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.53 billion. During the same period last year, the company earned $1.85 EPS. Jabil’s revenue for the quarter was down 20.2% on a year-over-year basis. Sell-side analysts predict that Jabil will post 7.86 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.30%. Jabil’s payout ratio is currently 2.91%.

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).