Jabil Inc. (NYSE:JBL) Given Consensus Rating of "Moderate Buy" by Brokerages

Jabil Inc. (NYSE:JBL - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $158.50.

A number of analysts recently issued reports on JBL shares. StockNews.com cut Jabil from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. JPMorgan Chase & Co. lowered their target price on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. UBS Group lifted their target price on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Barclays raised their price objective on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Finally, The Goldman Sachs Group decreased their target price on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research note on Thursday, April 10th.

Jabil Price Performance

Shares of Jabil stock traded up $0.06 during mid-day trading on Monday, reaching $146.63. 1,325,480 shares of the stock traded hands, compared to its average volume of 1,460,382. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The stock has a market capitalization of $15.74 billion, a PE ratio of 14.06, a PEG ratio of 1.65 and a beta of 1.12. The business has a 50-day moving average of $139.07 and a 200 day moving average of $142.44.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $6.40 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The firm's revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts predict that Jabil will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date is Thursday, May 15th. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Insider Activity at Jabil

In related news, Director Christopher S. Holland sold 3,400 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the sale, the director now directly owns 12,900 shares of the company's stock, valued at $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the sale, the chairman now owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. This trade represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bleakley Financial Group LLC lifted its holdings in Jabil by 2.2% in the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock worth $471,000 after purchasing an additional 70 shares during the period. Greenleaf Trust lifted its stake in shares of Jabil by 1.3% in the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock worth $816,000 after acquiring an additional 72 shares during the period. Resonant Capital Advisors LLC boosted its holdings in shares of Jabil by 3.3% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company's stock valued at $365,000 after acquiring an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. increased its stake in shares of Jabil by 1.0% during the fourth quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company's stock valued at $1,384,000 after acquiring an additional 95 shares during the period. Finally, Allworth Financial LP lifted its position in Jabil by 22.5% in the first quarter. Allworth Financial LP now owns 529 shares of the technology company's stock worth $77,000 after purchasing an additional 97 shares during the period. Institutional investors own 93.39% of the company's stock.

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).