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

Shares of Jabil, Inc. (NYSE:JBL) have been given an average rating of “Buy” by the eleven analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $290.6250.

Several brokerages recently weighed in on JBL. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Weiss Ratings cut shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. The Goldman Sachs Group restated a “buy” rating and set a $282.00 target price on shares of Jabil in a research report on Thursday, January 15th. Barclays increased their price target on shares of Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Finally, Stifel Nicolaus boosted their price objective on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th.

Jabil Price Performance

NYSE:JBL opened at $354.22 on Friday. The business’s 50-day moving average is $296.16 and its 200 day moving average is $254.56. Jabil has a 12 month low of $161.52 and a 12 month high of $372.37. The company has a market capitalization of $37.37 billion, a P/E ratio of 47.55, a P/E/G ratio of 1.84 and a beta of 1.29. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.18. The business had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 EPS. On average, equities research analysts forecast that Jabil will post 11.3 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s payout ratio is currently 4.30%.

Insider Buying and Selling

In other Jabil news, Director Anousheh Ansari sold 2,000 shares of Jabil stock in a transaction on Friday, April 10th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the transaction, the director directly owned 31,800 shares of the company’s stock, valued at $9,540,000. The trade was a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven D. Borges sold 5,126 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $317.51, for a total transaction of $1,627,556.26. Following the transaction, the executive vice president owned 71,398 shares in the company, valued at $22,669,578.98. This trade represents a 6.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,981 shares of company stock valued at $11,360,740 over the last 90 days. 1.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jabil

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Jabil in the fourth quarter worth approximately $407,299,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Jabil by 1,157.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock valued at $315,964,000 after buying an additional 1,339,247 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Jabil by 45.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock worth $429,714,000 after purchasing an additional 591,364 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Jabil during the 4th quarter valued at about $121,710,000. Finally, Allianz Asset Management GmbH raised its position in shares of Jabil by 180.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock valued at $164,686,000 after purchasing an additional 487,595 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

Jabil Company Profile

Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.