Jabil Inc (JBL) Receives Consensus Recommendation of “Hold” from Analysts

Jabil Inc (NYSE:JBL) has received an average rating of “Hold” from the eleven brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $32.43.

JBL has been the subject of a number of analyst reports. Zacks Investment Research downgraded Jabil from a “hold” rating to a “sell” rating in a report on Wednesday, June 20th. JPMorgan Chase & Co. set a $37.00 price target on Jabil and gave the company a “buy” rating in a report on Wednesday.

In related news, CEO Mark T. Mondello sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $30.01, for a total value of $900,300.00. Following the sale, the chief executive officer now owns 1,801,889 shares of the company’s stock, valued at approximately $54,074,688.89. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President William E. Peters sold 13,915 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $29.48, for a total value of $410,214.20. Following the completion of the sale, the president now directly owns 511,562 shares in the company, valued at approximately $15,080,847.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,745 shares of company stock worth $2,084,884. 2.60% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in JBL. BlackRock Inc. lifted its holdings in shares of Jabil by 1.1% in the 1st quarter. BlackRock Inc. now owns 15,851,481 shares of the technology company’s stock worth $455,414,000 after purchasing an additional 177,692 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Jabil by 0.4% in the 1st quarter. New York State Common Retirement Fund now owns 535,343 shares of the technology company’s stock worth $15,380,000 after purchasing an additional 2,325 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Jabil in the 1st quarter worth approximately $2,172,000. Teza Capital Management LLC lifted its holdings in shares of Jabil by 88.0% in the 1st quarter. Teza Capital Management LLC now owns 53,964 shares of the technology company’s stock worth $1,550,000 after purchasing an additional 25,253 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Jabil in the 1st quarter valued at approximately $7,516,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of JBL stock traded down $0.40 during trading hours on Wednesday, reaching $27.50. The company had a trading volume of 142,129 shares, compared to its average volume of 1,616,742. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.51 and a current ratio of 1.02. Jabil has a twelve month low of $23.70 and a twelve month high of $31.77. The firm has a market cap of $5.07 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 0.95 and a beta of 0.36.

Jabil (NYSE:JBL) last posted its earnings results on Tuesday, September 25th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Jabil had a return on equity of 15.68% and a net margin of 0.89%. The business had revenue of $5.77 billion during the quarter, compared to analyst estimates of $5.41 billion. During the same quarter last year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. equities research analysts predict that Jabil will post 2.04 EPS for the current year.

Jabil declared that its Board of Directors has approved a share repurchase plan on Thursday, June 14th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 7.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Wednesday, August 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Tuesday, August 14th. Jabil’s dividend payout ratio is currently 17.30%.

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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