Jabil (NYSE:JBL) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Jabil (NYSE:JBL) from a buy rating to a hold rating in a report published on Monday.

A number of other research analysts also recently commented on the company. The Goldman Sachs Group boosted their price target on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Bank of America boosted their target price on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Barclays lifted their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. UBS Group upped their target price on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $153.17.

Jabil Stock Performance

NYSE JBL opened at $158.25 on Monday. The firm has a 50-day moving average price of $139.30 and a two-hundred day moving average price of $122.25. Jabil has a 12-month low of $95.85 and a 12-month high of $159.60. The company has a market capitalization of $17.68 billion, a P/E ratio of 14.36, a P/E/G ratio of 1.58 and a beta of 1.23. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.60 earnings per share. Analysts anticipate that Jabil will post 7.89 earnings per share for the current year.

Insider Buying and Selling at Jabil

In other news, SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the transaction, the senior vice president now owns 41,507 shares of the company’s stock, valued at $5,051,816.97. This represents a 22.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Matthew Crowley sold 1,380 shares of Jabil stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $125.83, for a total transaction of $173,645.40. Following the sale, the executive vice president now owns 18,568 shares in the company, valued at approximately $2,336,411.44. This represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,689 shares of company stock worth $8,527,871 over the last quarter. Corporate insiders own 1.73% of the company’s stock.

Hedge Funds Weigh In On Jabil

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new stake in shares of Jabil in the third quarter worth $32,000. Brooklyn Investment Group bought a new stake in shares of Jabil in the 3rd quarter valued at about $39,000. Matrix Trust Co grew its position in shares of Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after buying an additional 214 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake in shares of Jabil by 114.0% in the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock valued at $51,000 after buying an additional 228 shares during the period. Finally, Sound Income Strategies LLC raised its position in shares of Jabil by 945.7% during the third quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock worth $58,000 after acquiring an additional 435 shares during the last quarter. 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).