Jabil, Inc. (NYSE:JBL) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Jabil, Inc. has received a consensus recommendation of "Buy" from analysts, with six analysts issuing buy ratings and an average price target of $231.71.
• The company reported $2.55 EPS for the last quarter, exceeding estimates, with revenue up by 15.7% year-over-year.
• Insider trading activity has seen significant sales, with insiders selling 342,847 shares worth approximately $68 million over the past ninety days.

Shares of Jabil, Inc. (NYSE:JBL - Get Free Report) have received a consensus recommendation of "Buy" from the eight analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $231.7143.

Several equities analysts have recently issued reports on JBL shares. Argus upgraded Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. UBS Group lifted their price target on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price target on Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Bank of America lifted their price target on Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Finally, Barclays lifted their price target on Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th.

Jabil Trading Down 1.2%

Shares of NYSE JBL opened at $219.67 on Wednesday. The company has a market cap of $23.57 billion, a price-to-earnings ratio of 42.65, a price-to-earnings-growth ratio of 1.55 and a beta of 1.20. Jabil has a 12-month low of $97.95 and a 12-month high of $232.84. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. The stock's 50 day simple moving average is $206.29 and its 200 day simple moving average is $169.80.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.27. The business had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%. The business's revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the business posted $1.89 EPS. Equities research analysts expect that Jabil will post 8.05 EPS for the current year.

Insiders Place Their Bets

In other news, Director Steven A. Raymund sold 15,955 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $216.83, for a total value of $3,459,522.65. Following the completion of the sale, the director owned 99,828 shares of the company's stock, valued at $21,645,705.24. This trade represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Steven D. Borges sold 22,443 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $200.01, for a total value of $4,488,824.43. Following the completion of the sale, the executive vice president directly owned 102,803 shares of the company's stock, valued at approximately $20,561,628.03. This trade represents a 17.92% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 342,847 shares of company stock worth $68,233,847. Corporate insiders own 1.73% of the company's stock.

Institutional Trading of Jabil

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP boosted its position in shares of Jabil by 12.9% in the first quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company's stock worth $892,096,000 after buying an additional 747,423 shares during the period. FMR LLC boosted its position in shares of Jabil by 8.1% in the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock worth $796,220,000 after buying an additional 416,841 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Jabil by 15.7% in the first quarter. JPMorgan Chase & Co. now owns 2,173,095 shares of the technology company's stock worth $295,693,000 after buying an additional 295,496 shares during the period. Northern Trust Corp boosted its position in Jabil by 8.3% during the first quarter. Northern Trust Corp now owns 1,384,364 shares of the technology company's stock valued at $188,370,000 after purchasing an additional 105,632 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Jabil by 119.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,215,678 shares of the technology company's stock valued at $165,417,000 after purchasing an additional 662,938 shares during the last quarter. Institutional investors and hedge funds 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).

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