Jabil Inc (JBL) Given Average Rating of “Hold” by Brokerages

Jabil Inc (NYSE:JBL) has been given a consensus rating of “Hold” by the nine ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $28.00.

Several research firms have issued reports on JBL. JPMorgan Chase & Co. set a $37.00 price target on Jabil and gave the company a “buy” rating in a report on Wednesday, September 26th. ValuEngine raised Jabil from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Goldman Sachs Group raised Jabil from a “sell” rating to a “neutral” rating and set a $25.00 price objective for the company in a research note on Sunday, November 11th. Citigroup dropped their price objective on Jabil to $24.00 and set a “sell” rating for the company in a research note on Tuesday, November 27th. They noted that the move was a valuation call. Finally, TheStreet lowered Jabil from a “b-” rating to a “c+” rating in a research note on Tuesday, October 9th.

NYSE:JBL traded up $0.22 during mid-day trading on Friday, hitting $24.55. 1,415,065 shares of the company traded hands, compared to its average volume of 2,677,558. Jabil has a one year low of $21.49 and a one year high of $31.77. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.62 and a current ratio of 1.02. The firm has a market capitalization of $3.80 billion, a PE ratio of 11.31, a P/E/G ratio of 0.82 and a beta of 0.54.

Jabil (NYSE:JBL) last released its quarterly earnings results on Tuesday, December 18th. The technology company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.21. Jabil had a return on equity of 19.52% and a net margin of 0.63%. The business had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. Equities analysts forecast that Jabil will post 2.44 earnings per share for the current fiscal year.

In other news, CEO Kenneth S. Wilson sold 6,000 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $24.30, for a total value of $145,800.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President William E. Peters sold 13,915 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $26.00, for a total value of $361,790.00. Following the completion of the transaction, the president now directly owns 368,388 shares in the company, valued at approximately $9,578,088. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Jabil by 2.2% during the 2nd quarter. BlackRock Inc. now owns 16,205,408 shares of the technology company’s stock valued at $448,242,000 after acquiring an additional 353,927 shares in the last quarter. LSV Asset Management boosted its position in shares of Jabil by 3.4% in the 3rd quarter. LSV Asset Management now owns 5,495,819 shares of the technology company’s stock worth $148,826,000 after purchasing an additional 181,075 shares in the last quarter. Primecap Management Co. CA boosted its position in shares of Jabil by 6.8% in the 3rd quarter. Primecap Management Co. CA now owns 3,832,187 shares of the technology company’s stock worth $103,776,000 after purchasing an additional 243,075 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in shares of Jabil by 13.5% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,627,577 shares of the technology company’s stock worth $71,155,000 after purchasing an additional 311,905 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Jabil by 7.1% in the 2nd quarter. Northern Trust Corp now owns 2,018,480 shares of the technology company’s stock worth $55,831,000 after purchasing an additional 133,721 shares in the last quarter. 90.84% of the stock is currently owned by institutional investors.

Jabil Company Profile

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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Analyst Recommendations for Jabil (NYSE:JBL)

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