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

Jabil Inc. (NYSE:JBL - Get Free Report) has received an average rating of "Buy" from the seven analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $144.50.

JBL has been the topic of several research reports. The Goldman Sachs Group boosted their price target on shares of Jabil from $141.00 to $161.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. StockNews.com cut shares of Jabil from a "buy" rating to a "hold" rating in a research report on Tuesday, March 26th. Barclays cut their price objective on shares of Jabil from $151.00 to $149.00 and set an "overweight" rating on the stock in a research report on Monday, March 18th. Finally, Argus cut shares of Jabil from a "buy" rating to a "hold" rating in a research report on Tuesday, March 19th.

Insider Activity

In other news, Director David M. Stout sold 31,300 shares of the business's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the completion of the sale, the director now directly owns 67,300 shares of the company's stock, valued at $8,285,976. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP May Yee Yap sold 7,877 shares of the company's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the sale, the senior vice president now directly owns 29,006 shares of the company's stock, valued at $4,050,687.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David M. Stout sold 31,300 shares of the company's stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the completion of the sale, the director now directly owns 67,300 shares of the company's stock, valued at $8,285,976. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 107,177 shares of company stock valued at $13,678,039. 2.62% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Jabil

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Jabil by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company's stock worth $1,919,948,000 after purchasing an additional 1,427,429 shares in the last quarter. FMR LLC raised its holdings in Jabil by 15.9% in the third quarter. FMR LLC now owns 10,525,084 shares of the technology company's stock worth $1,335,528,000 after purchasing an additional 1,440,857 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Jabil by 71.2% during the first quarter. JPMorgan Chase & Co. now owns 6,232,495 shares of the technology company's stock valued at $549,457,000 after acquiring an additional 2,591,893 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Jabil by 0.7% during the third quarter. Wellington Management Group LLP now owns 5,392,355 shares of the technology company's stock valued at $684,236,000 after acquiring an additional 36,560 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Jabil by 3.0% during the first quarter. State Street Corp now owns 4,454,878 shares of the technology company's stock valued at $275,000,000 after acquiring an additional 127,736 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

Jabil Price Performance

JBL traded down $0.06 during trading hours on Thursday, hitting $129.59. The company's stock had a trading volume of 662,038 shares, compared to its average volume of 1,317,825. The business's 50-day moving average price is $138.57 and its 200-day moving average price is $131.21. Jabil has a 12 month low of $75.48 and a 12 month high of $156.94. The stock has a market cap of $15.63 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 1.40 and a beta of 1.40. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.01). Jabil had a return on equity of 39.47% and a net margin of 4.70%. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.91 billion. Sell-side analysts expect that Jabil will post 7.83 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Tuesday, May 14th. Jabil's dividend payout ratio is currently 2.75%.

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).