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

Key Points

• Jabil has a consensus analyst rating of “Moderate Buy” from 11 research firms, with eight buy ratings, two hold ratings, and one strong buy. The average 1-year price target is about $303.38.
• The company recently beat expectations in its latest quarter, reporting EPS of $2.69 versus the $2.51 consensus and revenue of $8.28 billion versus $7.75 billion expected. Revenue rose 23.1% year over year.
• Jabil also announced a quarterly dividend of $0.08 per share, while insiders have been selling shares recently. Institutional investors remain heavily involved, owning 93.39% of the stock.

Jabil, Inc. (NYSE:JBL - Get Free Report) has received an average rating of "Moderate Buy" from the eleven research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $303.3750.

Several research analysts recently issued reports on JBL shares. JPMorgan Chase & Co. increased their price target on shares of Jabil from $270.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, March 12th. Stifel Nicolaus increased their price target on shares of Jabil from $255.00 to $290.00 and gave the stock a "buy" rating in a report on Thursday, March 19th. Bank of America increased their price target on shares of Jabil from $295.00 to $354.00 and gave the stock a "buy" rating in a report on Monday, April 20th. Zacks Research cut shares of Jabil from a "strong-buy" rating to a "hold" rating in a report on Monday, May 18th. Finally, UBS Group increased their price target on shares of Jabil from $244.00 to $254.00 and gave the stock a "neutral" rating in a report on Tuesday, March 10th.

Jabil Stock Down 1.4%

Jabil stock opened at $359.64 on Tuesday. Jabil has a fifty-two week low of $164.69 and a fifty-two week high of $381.94. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The firm has a 50 day moving average price of $320.76 and a 200 day moving average price of $266.39. The company has a market capitalization of $37.94 billion, a PE ratio of 48.27, a price-to-earnings-growth ratio of 1.89 and a beta of 1.28.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.51 by $0.18. The business had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The company's quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.94 earnings per share. Research analysts expect that Jabil will post 11.3 earnings per share for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, May 15th. Jabil's dividend payout ratio is presently 4.30%.

Insider Activity at Jabil

In other news, Director Anousheh Ansari sold 2,000 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the sale, the director directly owned 31,800 shares in the company, valued at $9,540,000. This represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP May Yee Yap sold 1,634 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $306.74, for a total transaction of $501,213.16. Following the completion of the sale, the senior vice president owned 23,787 shares in the company, valued at $7,296,424.38. This represents a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,981 shares of company stock valued at $11,360,740 in the last ninety days. Company insiders own 1.35% of the company's stock.

Hedge Funds Weigh In On Jabil

Several institutional investors and hedge funds have recently modified their holdings of JBL. Norges Bank purchased a new position in shares of Jabil during the fourth quarter valued at approximately $407,299,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Jabil by 1,157.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company's stock valued at $315,964,000 after buying an additional 1,339,247 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Jabil by 45.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company's stock valued at $429,714,000 after buying an additional 591,364 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Jabil during the fourth quarter valued at approximately $121,710,000. Finally, Allianz Asset Management GmbH lifted its stake in shares of Jabil by 180.1% during the third quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company's stock valued at $164,686,000 after buying an additional 487,595 shares during the period. Hedge funds and other institutional investors own 93.39% of the company's stock.

About Jabil

Jabil Inc NYSE: JBL is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil's expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.

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