Jabil, Inc. (NYSE:JBL) Receives Average Recommendation of "Buy" from Brokerages

Shares of Jabil, Inc. (NYSE:JBL - Get Free Report) have earned a consensus rating of "Buy" from the eight analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $225.71.

A number of equities research analysts have issued reports on JBL shares. JPMorgan Chase & Co. increased their price objective on shares of Jabil from $180.00 to $214.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Bank of America increased their price objective on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. Barclays increased their price objective on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 17th. Finally, The Goldman Sachs Group increased their price objective on shares of Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th.

Insider Transactions at Jabil

In related news, EVP Andrew Priestley sold 13,913 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the transaction, the executive vice president directly owned 53,528 shares of the company's stock, valued at $10,875,283.76. This represents a 20.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark T. Mondello sold 150,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $193.33, for a total transaction of $28,999,500.00. Following the transaction, the chairman directly owned 1,560,192 shares in the company, valued at approximately $301,631,919.36. This represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 297,431 shares of company stock valued at $58,163,159. 1.73% of the stock is owned by insiders.

Institutional Trading of Jabil

Several hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP lifted its holdings 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 valued at $892,096,000 after purchasing an additional 747,423 shares in the last quarter. FMR LLC grew its stake in shares of Jabil by 8.1% in the 4th quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock worth $796,220,000 after acquiring an additional 416,841 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Jabil by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,810,519 shares of the technology company's stock worth $404,024,000 after acquiring an additional 34,574 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Jabil by 15.7% in the 1st quarter. JPMorgan Chase & Co. now owns 2,173,095 shares of the technology company's stock worth $295,693,000 after acquiring an additional 295,496 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Jabil in the 4th quarter worth $218,430,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Jabil Price Performance

Shares of JBL opened at $221.92 on Friday. The firm has a market capitalization of $23.82 billion, a PE ratio of 43.09, a PEG ratio of 1.55 and a beta of 1.20. The company's 50-day moving average is $185.78 and its 200-day moving average is $161.34. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $227.54. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64.

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

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.14%. Jabil's payout ratio is 6.21%.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.