Jabil (NYSE:JBL) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Jabil (NYSE:JBL – Get Rating) in a research report sent to investors on Thursday morning. The firm issued a buy rating on the technology company’s stock.

A number of other research analysts also recently weighed in on JBL. Credit Suisse Group lifted their price target on Jabil from $90.00 to $110.00 and gave the company an outperform rating in a report on Tuesday, February 21st. UBS Group began coverage on Jabil in a report on Tuesday, December 13th. They set a neutral rating and a $76.00 price target on the stock. Raymond James lifted their price target on Jabil from $84.00 to $100.00 and gave the company a strong-buy rating in a report on Tuesday, March 14th. Finally, Citigroup lifted their price target on Jabil from $80.00 to $85.00 in a report on Friday, December 16th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of $92.20.

Jabil Stock Performance

Shares of NYSE JBL opened at $78.96 on Thursday. The company has a quick ratio of 0.57, a current ratio of 1.04 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 0.84 and a beta of 1.43. The stock’s fifty day simple moving average is $81.00 and its 200 day simple moving average is $70.18. Jabil has a 52-week low of $48.80 and a 52-week high of $85.70.

Jabil (NYSE:JBL – Get Rating) last issued its earnings results on Thursday, December 15th. The technology company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.28). Jabil had a return on equity of 39.80% and a net margin of 2.74%. The company had revenue of $9.64 billion during the quarter, compared to analyst estimates of $9.28 billion. As a group, sell-side analysts forecast that Jabil will post 7.81 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 2nd. Shareholders of record on Wednesday, February 15th were paid a $0.08 dividend. The ex-dividend date was Tuesday, February 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.41%. Jabil’s dividend payout ratio (DPR) is currently 4.64%.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Kenneth S. Wilson sold 5,000 shares of the business’s stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $70.00, for a total value of $350,000.00. Following the transaction, the executive vice president now owns 337,776 shares in the company, valued at $23,644,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Jabil news, EVP Kenneth S. Wilson sold 5,000 shares of the business’s stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $70.00, for a total value of $350,000.00. Following the completion of the sale, the executive vice president now owns 337,776 shares of the company’s stock, valued at $23,644,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP May Yee Yap sold 3,616 shares of the business’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $81.10, for a total value of $293,257.60. Following the completion of the sale, the senior vice president now directly owns 38,398 shares of the company’s stock, valued at approximately $3,114,077.80. The disclosure for this sale can be found here. Insiders have sold 197,562 shares of company stock worth $14,936,641 over the last 90 days. 2.75% of the stock is currently owned by corporate insiders.

Institutional Trading of Jabil

A number of institutional investors and hedge funds have recently made changes to their positions in JBL. State Street Corp lifted its position in shares of Jabil by 3.0% during the 1st quarter. State Street Corp now owns 4,454,878 shares of the technology company’s stock worth $275,000,000 after purchasing an additional 127,736 shares during the last quarter. LSV Asset Management lifted its position in shares of Jabil by 2.0% during the 3rd quarter. LSV Asset Management now owns 4,331,115 shares of the technology company’s stock worth $249,949,000 after purchasing an additional 85,540 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of Jabil by 1.0% during the 2nd quarter. Primecap Management Co. CA now owns 3,772,122 shares of the technology company’s stock worth $193,170,000 after purchasing an additional 36,447 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Jabil by 27.2% during the 4th quarter. JPMorgan Chase & Co. now owns 3,640,602 shares of the technology company’s stock worth $248,290,000 after purchasing an additional 779,379 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of Jabil by 4.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,063,000 shares of the technology company’s stock worth $119,056,000 after purchasing an additional 82,200 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Jabil Company Profile

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Jabil, Inc engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries.