Analysts Set Jabil Inc. (NYSE:JBL) Price Target at $144.50

Jabil Inc. (NYSE:JBL) has been assigned a consensus recommendation of “Buy” from the seven analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $144.50.

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group raised their target price on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Barclays cut their price target on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, March 18th.

Jabil Stock Performance

Shares of JBL stock opened at $118.75 on Thursday. Jabil has a 52 week low of $75.48 and a 52 week high of $156.94. The firm has a 50 day moving average of $138.03 and a two-hundred day moving average of $131.15. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $14.32 billion, a PE ratio of 10.19, a P/E/G ratio of 1.38 and a beta of 1.40.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.91 billion. On average, research analysts predict that Jabil will post 7.83 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Jabil’s dividend payout ratio (DPR) is 2.75%.

Insider Buying and Selling

In other news, CEO Kenneth S. Wilson sold 15,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the transaction, the chief executive officer now directly owns 339,725 shares of the company’s stock, valued at approximately $45,591,095. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Jabil news, SVP May Yee Yap sold 7,877 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the sale, the senior vice president now directly owns 29,006 shares in the company, valued at $4,050,687.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Kenneth S. Wilson sold 15,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the transaction, the chief executive officer now owns 339,725 shares of the company’s stock, valued at approximately $45,591,095. The disclosure for this sale can be found here. Insiders have sold 107,177 shares of company stock valued at $13,678,039 over the last quarter. Company insiders own 2.62% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Alaska Permanent Fund Corp acquired a new position in Jabil in the 4th quarter valued at about $29,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Jabil in the fourth quarter valued at approximately $32,000. Amundi lifted its stake in shares of Jabil by 419.8% during the fourth quarter. Amundi now owns 421 shares of the technology company’s stock valued at $32,000 after buying an additional 340 shares during the period. Riverview Trust Co acquired a new stake in Jabil during the first quarter worth approximately $33,000. Finally, CVA Family Office LLC purchased a new stake in Jabil in the 4th quarter worth approximately $36,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

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).