Jabil (NYSE:JBL) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Jabil (NYSE:JBL) from a buy rating to a strong-buy rating in a research note published on Wednesday morning.

JBL has been the topic of a number of other reports. Barclays increased their price objective on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Bank of America raised their price target on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. JPMorgan Chase & Co. lowered their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Finally, Stifel Nicolaus upped their target price on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Jabil Stock Performance

Shares of NYSE:JBL opened at $133.35 on Wednesday. The business has a fifty day moving average of $124.91 and a 200-day moving average of $116.03. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. Jabil has a twelve month low of $95.85 and a twelve month high of $156.94. The firm has a market cap of $15.05 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. During the same quarter last year, the company posted $2.34 EPS. The company’s quarterly revenue was down 17.7% compared to the same quarter last year. On average, equities research analysts predict that Jabil will post 7.84 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil’s dividend payout ratio (DPR) is presently 2.90%.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the completion of the sale, the executive vice president now directly owns 108,753 shares in the company, valued at $12,908,981.10. This represents a 3.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now directly owns 41,507 shares in the company, valued at approximately $5,051,816.97. This represents a 22.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,689 shares of company stock valued at $5,377,431. Corporate insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Jabil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC increased its holdings in Jabil by 39.7% during the first quarter. Tidal Investments LLC now owns 14,282 shares of the technology company’s stock worth $1,913,000 after buying an additional 4,056 shares during the last quarter. Comerica Bank increased its stake in shares of Jabil by 68.5% during the 1st quarter. Comerica Bank now owns 42,709 shares of the technology company’s stock worth $5,721,000 after purchasing an additional 17,355 shares during the last quarter. iA Global Asset Management Inc. bought a new stake in shares of Jabil in the 1st quarter valued at about $233,000. LRI Investments LLC acquired a new stake in Jabil in the 1st quarter valued at about $322,000. Finally, Swedbank AB bought a new position in Jabil during the first quarter worth about $5,680,000. 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).