Jabil Inc. (NYSE: JBL) Receives Consensus ‘Buy’ Recommendation from Analysts
Jabil Inc. (NYSE: JBL) has obtained a consensus recommendation to “Buy” from the eight rating companies currently hedging the stock, MarketBeat reports. Six equity research analysts rated the stock with a buy rating and two gave the company a high buy rating. The 12-month average price target among analysts who hedged the stock in the past year is $ 74.38.
A number of equity research analysts recently commented on the stock. Citigroup raised its price target on Jabil shares from $ 80.00 to $ 90.00 and gave the company a “buy” rating in a research report on Thursday, September 30. Bank of America raised its price target for Jabil shares from $ 73.00 to $ 77.00 and gave the company a “buy” rating in a research report released on Friday, December 17. Raymond James increased his target price on Jabil shares from $ 70.00 to $ 80.00 and gave the company a “strong buy” rating in a research report released on Friday, December 17. Stifel Nicolaus downgraded Jabil’s shares from a ‘keep’ rating to a ‘buy’ rating and raised their target price for the company from $ 63.00 to $ 68.00 in a research report on Thursday, September 30 . Finally, the Goldman Sachs group upgraded Jabil’s stock from a ‘neutral’ to a ‘buy’ rating and raised its target price for the company from $ 63.00 to $ 75 in a research report. published Thursday, December 9.
Actions of JBL action opened for $ 69.38 on Friday. The company has a debt to equity ratio of 1.08, a current ratio of 0.99, and a quick ratio of 0.60. The company has a market cap of $ 9.94 billion, a P / E ratio of 14.16, a P / E / G ratio of 1.03 and a beta of 1.37. The company’s 50-day simple moving average is $ 64.72 and its two-hundred-day simple moving average is $ 61.50. Jabil has a one-year low of $ 40.87 and a one-year high of $ 72.11.
Jabil (NYSE: JBL) last reported its quarterly results on Thursday, December 16. The tech company reported earnings per share of $ 1.92 for the quarter, beating the consensus estimate of $ 1.80 by $ 0.12. Jabil had a net margin of 2.46% and a return on equity of 34.35%. The company posted revenue of $ 8.60 billion in the quarter, compared to $ 8.28 billion expected by analysts. In the same quarter of the previous year, the company achieved EPS of $ 1.31. The company’s revenue increased 9.8% compared to the same quarter last year. On average, research analysts expect Jabil to post an EPS of 5.7 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 1. Shareholders of record on Monday, November 15, received a dividend of $ 0.08. The ex-dividend date of this dividend was Friday, November 12. This represents a dividend of $ 0.32 on an annualized basis and a dividend yield of 0.46%. Jabil’s payout ratio is currently 6.53%.
In addition, Executive Vice President Robert L. Katz sold 18,146 shares of the company in a transaction on Tuesday, October 26. The shares were sold at an average price of $ 61.96, for a total trade of $ 1,124,326.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. In addition, director Thomas A. Sansone sold 20,000 shares of the company in a trade on Wednesday, December 22. The shares were sold at an average price of $ 67.75, for a total trade of $ 1,355,000.00. Disclosure of this sale can be found here. Insiders sold 195,634 shares of the company valued at $ 12,782,418 in the last quarter. Company insiders own 2.59% of the company’s shares.
A number of institutional investors and hedge funds have recently bought and sold shares of JBL. Envestnet Asset Management Inc. increased its holdings in Jabil by 11.6% in the second quarter. Envestnet Asset Management Inc. now owns 25,784 shares of the tech company valued at $ 1,499,000 after purchasing an additional 2,674 shares in the last quarter. HighTower Advisors LLC increased its stake in Jabil shares by 7.2% in the second quarter. HighTower Advisors LLC now owns 31,635 shares of the tech company valued at $ 1,838,000 after purchasing an additional 2,118 shares in the last quarter. CrÃ©dit Agricole SA increased its stake in Jabil by 22.7% in the second quarter. CrÃ©dit Agricole SA now owns 54,589 shares of the technology company valued at $ 3,173,000 after purchasing an additional 10,107 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Jabil shares in the second quarter valued at approximately $ 1,292,000. Finally, Citigroup Inc. increased its stake in Jabil shares by 12.3% in the second quarter. Citigroup Inc. now owns 168,659 shares of the tech company valued at $ 9,803,000 after purchasing an additional 18,506 shares in the last quarter. 90.36% of the shares are currently held by institutional investors and hedge funds.
Jabil Company Profile
Jabil, Inc is committed to providing electronics manufacturing services and solutions. It provides electronics design, production, product management and repair services to companies in the automotive and transportation, capital goods, consumer lifestyles and wearable technology, computing and storage, defense and aerospace, digital home, healthcare, industry and energy, mobility, networks and telecommunications industries, packaging, outlets and printing.
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