Jabil (NYSE:JBL) Raised to "Strong-Buy" at Zacks Research

Key Points

• Zacks Research upgraded Jabil from “hold” to “strong-buy,” while the broader analyst consensus remains “buy” with an average price target of $434.22.
• Jabil reported a quarterly earnings beat, posting $4.40 EPS versus $4.05 expected and $10.62 billion in revenue, up 28.6% year over year.
• Jabil shares opened at $298.90, down 0.2%, while institutional investors continue to hold a substantial 93.39% of the company’s stock.

Jabil (NYSE:JBL - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Wednesday, Zacks reports.

Several other equities analysts have also recently issued reports on the company. Robert W. Baird lifted their price objective on Jabil from $355.00 to $440.00 and gave the company an "outperform" rating in a research note on Thursday, June 18th. Weiss Ratings cut shares of Jabil from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, September 16th. Bank of America reissued a "buy" rating and issued a $470.00 price objective on shares of Jabil in a research report on Thursday, June 18th. Stifel Nicolaus set a $460.00 price objective on shares of Jabil and gave the stock a "buy" rating in a research report on Thursday, June 18th. Finally, Raymond James Financial boosted their target price on shares of Jabil from $425.00 to $450.00 and gave the stock a "strong-buy" rating in a research note on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $434.22.

Jabil Trading Down 0.2%

Shares of JBL stock opened at $298.90 on Wednesday. Jabil has a fifty-two week low of $189.60 and a fifty-two week high of $428.93. The company has a 50 day moving average price of $316.85 and a 200 day moving average price of $327.50. The stock has a market capitalization of $31.32 billion, a P/E ratio of 30.56, a price-to-earnings-growth ratio of 0.90 and a beta of 1.30. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.65 and a current ratio of 0.99.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Wednesday, September 30th. The technology company reported $4.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.05 by $0.35. The company had revenue of $10.62 billion for the quarter, compared to analyst estimates of $9.69 billion. Jabil had a net margin of 2.90% and a return on equity of 89.50%. The firm's quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.29 EPS. Jabil has set its Q1 2027 guidance at 3.800-4.200 EPS and its FY 2027 guidance at 17.550-17.550 EPS. Equities research analysts predict that Jabil will post 16.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in shares of Jabil in the second quarter valued at approximately $25,000. Bell Investment Advisors Inc acquired a new position in shares of Jabil in the 2nd quarter valued at $35,000. PenderFund Capital Management Ltd. purchased a new stake in Jabil in the 2nd quarter valued at $44,000. Persistent Asset Partners Ltd purchased a new stake in Jabil in the 2nd quarter valued at $45,000. Finally, Jones Financial Companies Lllp acquired a new stake in Jabil during the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Company Profile

Jabil Inc is a global manufacturing services and technology company that helps brands design, manufacture, and manage products and supply chains. Its capabilities include product design and engineering, prototyping, production, assembly, testing, packaging, logistics, and aftermarket services.

The company serves customers across a range of industries, including healthcare, automotive, cloud and data infrastructure, communications, connected devices, industrial equipment, energy, and consumer products.

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