Jabil Inc. (NYSE:JBL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Jabil Inc. (NYSE:JBL) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $153.17.

A number of research firms recently commented on JBL. UBS Group raised their price target on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Barclays raised their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. Finally, The Goldman Sachs Group increased their target price on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,283 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $122.28, for a total transaction of $523,725.24. Following the completion of the transaction, the executive vice president now owns 142,472 shares of the company’s stock, valued at approximately $17,421,476.16. The trade was a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares in the company, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,038 shares of company stock valued at $5,579,666. 1.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new position in Jabil in the 3rd quarter valued at approximately $32,000. Brooklyn Investment Group bought a new position in Jabil during the 3rd quarter worth $39,000. Matrix Trust Co lifted its holdings in Jabil by 135.4% during the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after buying an additional 214 shares during the period. Armstrong Advisory Group Inc. grew its position in shares of Jabil by 114.0% in the 3rd 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 last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of Jabil by 945.7% in the third quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock valued at $58,000 after buying an additional 435 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Price Performance

Jabil stock opened at $169.04 on Friday. The company has a market capitalization of $18.46 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.71 and a beta of 1.23. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil has a 12 month low of $95.85 and a 12 month high of $170.80. The stock’s 50 day moving average is $142.73 and its 200-day moving average is $124.45.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.60 EPS. Equities research analysts expect that Jabil will post 8.03 EPS for the current year.

About Jabil

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).