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

Key Points

• Jabil, Inc. has received an average rating of "Moderate Buy" from nine brokerages, with price targets ranging from $215 to $245.
• Insider trading revealed that executives sold a significant amount of shares, with total insider sales valued at over $22 million in the last 90 days.
• The company recently declared a quarterly dividend of $0.08 per share, which reflects a low payout ratio of 6.21% and a dividend yield of 0.1%.

Shares of Jabil, Inc. (NYSE:JBL - Get Free Report) have received an average rating of "Moderate Buy" from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $231.7143.

A number of brokerages recently commented on JBL. Barclays upped their target price on Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. Zacks Research downgraded Jabil from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. The Goldman Sachs Group upped their target price on Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Stifel Nicolaus began coverage on Jabil in a report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 target price for the company. Finally, UBS Group upped their target price on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th.

Insider Buying and Selling

In related news, EVP Frederic E. Mccoy sold 4,500 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $223.55, for a total value of $1,005,975.00. Following the sale, the executive vice president directly owned 124,203 shares of the company's stock, valued at $27,765,580.65. This represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anousheh Ansari sold 1,000 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $222.75, for a total value of $222,750.00. Following the completion of the sale, the director directly owned 36,400 shares in the company, valued at approximately $8,108,100. The trade was a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,371 shares of company stock valued at $22,085,161 over the last 90 days. 1.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jabil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC purchased a new stake in Jabil in the second quarter worth $317,000. American Trust purchased a new stake in Jabil in the second quarter worth $330,000. Orion Porfolio Solutions LLC grew its stake in Jabil by 230.5% in the second quarter. Orion Porfolio Solutions LLC now owns 10,327 shares of the technology company's stock worth $2,252,000 after purchasing an additional 7,202 shares during the period. MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Jabil in the second quarter worth $1,950,000. Finally, Neuberger Berman Group LLC grew its stake in shares of Jabil by 207.6% in the second quarter. Neuberger Berman Group LLC now owns 46,812 shares of the technology company's stock worth $10,210,000 after acquiring an additional 31,593 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Stock Performance

Shares of JBL stock opened at $225.35 on Thursday. 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 fifty-two week low of $108.66 and a fifty-two week high of $237.14. The stock has a 50 day moving average price of $216.97 and a two-hundred day moving average price of $183.02. The company has a market capitalization of $24.18 billion, a P/E ratio of 43.76, a PEG ratio of 1.38 and a beta of 1.25.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, August 15th. Jabil's dividend payout ratio is currently 6.21%.

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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