Barclays Begins Coverage on Jabil (NYSE:JBL)

Barclays started coverage on shares of Jabil (NYSE:JBL) in a report released on Thursday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $134.00 price target on the technology company’s stock.

Several other equities analysts have also recently commented on JBL. StockNews.com initiated coverage on shares of Jabil in a research report on Friday, August 18th. They set a hold rating on the stock. VNET Group reiterated a maintains rating on shares of Jabil in a research note on Friday, June 16th. Bank of America lifted their price objective on shares of Jabil from $91.00 to $108.00 in a research note on Monday, June 12th. Credit Suisse Group lifted their price objective on shares of Jabil from $110.00 to $125.00 in a research note on Friday, June 16th. Finally, Stifel Nicolaus boosted their price target on shares of Jabil from $90.00 to $105.00 in a research report on Monday, June 12th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $103.67.

Jabil Price Performance

Shares of NYSE JBL opened at $107.33 on Thursday. Jabil has a fifty-two week low of $55.26 and a fifty-two week high of $117.29. The stock has a market cap of $14.05 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.05 and a beta of 1.46. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 1.06. The firm’s 50-day simple moving average is $109.46 and its 200 day simple moving average is $94.76.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, June 15th. The technology company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.12. Jabil had a net margin of 2.77% and a return on equity of 39.61%. The business had revenue of $8.48 billion for the quarter, compared to analysts’ expectations of $8.20 billion. During the same quarter last year, the firm earned $1.52 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, research analysts anticipate that Jabil will post 7.94 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 15th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Monday, August 14th. Jabil’s payout ratio is 4.51%.

Insider Buying and Selling at Jabil

In other Jabil news, Director Anousheh Ansari sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $108.61, for a total value of $325,830.00. Following the transaction, the director now owns 38,000 shares in the company, valued at $4,127,180. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.75% of the company’s stock.

Hedge Funds Weigh In On Jabil

Several hedge funds and other institutional investors have recently modified their holdings of JBL. ST Germain D J Co. Inc. bought a new position in shares of Jabil in the fourth quarter worth approximately $26,000. Fiduciary Alliance LLC bought a new position in Jabil during the second quarter valued at approximately $26,000. Bessemer Group Inc. lifted its position in Jabil by 87.2% during the second quarter. Bessemer Group Inc. now owns 234 shares of the technology company’s stock valued at $26,000 after purchasing an additional 109 shares during the period. Altshuler Shaham Ltd bought a new position in Jabil during the first quarter valued at approximately $31,000. Finally, Amundi lifted its position in Jabil by 419.8% during the fourth quarter. Amundi now owns 421 shares of the technology company’s stock valued at $32,000 after purchasing an additional 340 shares during the period. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Jabil Company Profile

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; 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).