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

Shares of Jabil, Inc. (NYSE:JBL - Get Free Report) have been given an average rating of "Buy" by the eight analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $225.71.

A number of research analysts have commented on JBL shares. Raymond James Financial restated a "strong-buy" rating and set a $230.00 price target (up previously from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. The Goldman Sachs Group lifted their target price on shares of Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. Stifel Nicolaus began coverage on shares of Jabil in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 target price for the company. Finally, Barclays lifted their target price on shares of Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th.

Insider Activity

In other Jabil news, Director Steven A. Raymund sold 15,955 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $216.83, for a total transaction of $3,459,522.65. Following the sale, the director directly owned 99,828 shares of the company's stock, valued at $21,645,705.24. The trade was a 13.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $216.59, for a total transaction of $4,331,800.00. Following the sale, the chairman directly owned 1,440,190 shares in the company, valued at $311,930,752.10. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,431 shares of company stock worth $58,163,159. 1.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jabil

Institutional investors and hedge funds have recently modified their holdings of the company. UMB Bank n.a. grew its stake in Jabil by 2.9% in the 2nd quarter. UMB Bank n.a. now owns 2,191 shares of the technology company's stock valued at $478,000 after buying an additional 62 shares during the last quarter. Groupe la Francaise grew its position in shares of Jabil by 35.2% during the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company's stock worth $34,000 after purchasing an additional 64 shares in the last quarter. Keeley Teton Advisors LLC grew its position in shares of Jabil by 0.3% during the 1st quarter. Keeley Teton Advisors LLC now owns 25,398 shares of the technology company's stock worth $3,456,000 after purchasing an additional 64 shares in the last quarter. Cordatus Wealth Management LLC grew its position in shares of Jabil by 2.9% during the 1st quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company's stock worth $330,000 after purchasing an additional 68 shares in the last quarter. Finally, AlphaCore Capital LLC grew its position in shares of Jabil by 2.4% during the 1st quarter. AlphaCore Capital LLC now owns 3,206 shares of the technology company's stock worth $436,000 after purchasing an additional 76 shares in the last quarter. 93.39% of the stock is owned by institutional investors.

Jabil Stock Down 0.7%

Shares of NYSE:JBL traded down $1.46 during midday trading on Friday, hitting $219.06. 641,709 shares of the stock were exchanged, compared to its average volume of 1,415,338. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 0.98. Jabil has a 52-week low of $95.85 and a 52-week high of $227.54. The business's fifty day simple moving average is $185.78 and its two-hundred day simple moving average is $161.53. The company has a market capitalization of $23.51 billion, a PE ratio of 42.54, a P/E/G ratio of 1.56 and a beta of 1.20.

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

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders 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 yield of 0.15%. Jabil's dividend payout ratio (DPR) is presently 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).