Several analysts have recently updated their ratings and price targets for Jabil (NYSE: JBL):

  • 11/14/2018 – Jabil had its price target lowered by analysts at JPMorgan Chase & Co. from $37.00 to $34.00. They now have a “buy” rating on the stock.
  • 11/12/2018 – Jabil was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 11/11/2018 – Jabil was upgraded by analysts at Goldman Sachs Group Inc from a “sell” rating to a “neutral” rating. They now have a $25.00 price target on the stock.
  • 11/1/2018 – Jabil was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/9/2018 – Jabil was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 10/6/2018 – Jabil was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/26/2018 – Jabil was given a new $37.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.

NYSE JBL traded up $0.01 on Tuesday, reaching $24.16. The company’s stock had a trading volume of 44,920 shares, compared to its average volume of 1,627,994. The stock has a market cap of $4.05 billion, a P/E ratio of 11.13 and a beta of 0.54. Jabil Inc has a 52 week low of $23.04 and a 52 week high of $31.77. The company has a quick ratio of 0.57, a current ratio of 1.04 and a debt-to-equity ratio of 1.27.

Jabil (NYSE:JBL) last released its quarterly earnings results on Tuesday, September 25th. The technology company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. The firm had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.41 billion. Jabil had a net margin of 0.39% and a return on equity of 16.56%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.32%. Jabil’s dividend payout ratio (DPR) is presently 14.75%.

In other Jabil news, President William E. Peters sold 13,915 shares of the business’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $26.00, for a total value of $361,790.00. Following the transaction, the president now directly owns 368,388 shares in the company, valued at $9,578,088. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Mark T. Mondello sold 30,000 shares of the business’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $30.01, for a total transaction of $900,300.00. Following the completion of the transaction, the chief executive officer now owns 1,801,889 shares in the company, valued at $54,074,688.89. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,245 shares of company stock worth $2,589,070. Company insiders own 2.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio bought a new stake in Jabil in the second quarter valued at approximately $30,790,000. Fuller & Thaler Asset Management Inc. lifted its stake in Jabil by 45,361.7% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,045,620 shares of the technology company’s stock valued at $28,922,000 after acquiring an additional 1,043,320 shares during the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in Jabil in the second quarter valued at $20,811,000. Natixis lifted its stake in Jabil by 4,690.5% in the second quarter. Natixis now owns 606,663 shares of the technology company’s stock valued at $16,780,000 after acquiring an additional 593,999 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Jabil by 22.7% during the 2nd quarter. Wells Fargo & Company MN now owns 2,280,837 shares of the technology company’s stock worth $63,087,000 after buying an additional 422,627 shares during the last quarter. Institutional investors and hedge funds own 90.92% of the company’s stock.

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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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