Jabil Inc. (NYSE:JBL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Jabil Inc. (NYSE:JBL) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. Two investment 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 analysts that have issued ratings on the stock in the last year is $153.17.

A number of analysts have recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays upped their target price on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. UBS Group lifted their price target on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Bank of America lifted their target price on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th.

Jabil Trading Up 0.9 %

JBL opened at $169.04 on Friday. The firm has a 50 day simple moving average of $142.73 and a 200 day simple moving average of $124.45. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $170.80. The company has a market cap of $18.46 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 1.71 and a beta of 1.23. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last posted 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 firm’s revenue was down 16.6% on a year-over-year basis. During the same period last year, the company earned $2.60 EPS. On average, sell-side analysts anticipate that Jabil will post 8.03 earnings per share for the current year.

Insider Activity at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the firm’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 completion of the transaction, the director now directly owns 119,108 shares in the company, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Frederic E. Mccoy sold 4,283 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $122.28, for a total value of $523,725.24. Following the sale, the executive vice president now owns 142,472 shares in the company, valued at approximately $17,421,476.16. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,038 shares of company stock valued at $5,579,666. 1.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Jabil

Several hedge funds have recently bought and sold shares of JBL. Pacer Advisors Inc. raised its stake in Jabil by 12,251.7% in the third quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock valued at $264,391,000 after buying an additional 2,188,521 shares during the period. Point72 Asset Management L.P. bought a new stake in Jabil in the 2nd quarter valued at $78,660,000. AQR Capital Management LLC raised its stake in Jabil by 195.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock valued at $115,404,000 after acquiring an additional 702,199 shares during the period. Two Sigma Advisers LP lifted its holdings in Jabil by 406.5% during the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock valued at $86,613,000 after purchasing an additional 580,100 shares during the last quarter. Finally, FMR LLC boosted its position in Jabil by 11.3% during the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after purchasing an additional 520,672 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

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).