Jabil’s (JBL) “Hold” Rating Reaffirmed at Raymond James Financial

Raymond James Financial reiterated their hold rating on shares of Jabil (NYSE:JBL) in a research report released on Thursday.

Several other equities analysts have also issued reports on JBL. Needham & Company LLC reiterated a buy rating and issued a $37.00 price objective on shares of Jabil in a research report on Friday, September 1st. ValuEngine upgraded Jabil from a buy rating to a strong-buy rating in a research report on Thursday, September 7th. Bank of America lowered Jabil from a buy rating to a neutral rating in a research report on Monday, September 25th. They noted that the move was a valuation call. Citigroup reiterated a sell rating and issued a $28.00 price objective on shares of Jabil in a research report on Thursday, September 28th. Finally, J P Morgan Chase & Co reiterated a buy rating and issued a $40.00 price objective on shares of Jabil in a research report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $30.50.

Shares of Jabil (JBL) traded down $1.08 on Thursday, hitting $27.45. The company had a trading volume of 6,068,200 shares, compared to its average volume of 1,930,695. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.54. Jabil has a 1-year low of $21.51 and a 1-year high of $31.70. The firm has a market cap of $5,045.71, a price-to-earnings ratio of 15.34, a PEG ratio of 1.07 and a beta of 0.55.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Thursday, December 14th. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.01. Jabil had a return on equity of 14.47% and a net margin of 0.68%. The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same period in the previous year, the firm earned $0.69 EPS. Jabil’s quarterly revenue was up 9.4% compared to the same quarter last year. research analysts anticipate that Jabil will post 2.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Tuesday, November 14th. Jabil’s dividend payout ratio (DPR) is currently 46.38%.

In other news, CEO Mark T. Mondello sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $28.48, for a total transaction of $854,400.00. Following the sale, the chief executive officer now owns 1,836,889 shares in the company, valued at approximately $52,314,598.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President William E. Peters sold 3,580 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $28.74, for a total value of $102,889.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,680 shares of company stock valued at $4,204,246. Insiders own 2.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. IHT Wealth Management LLC raised its stake in shares of Jabil by 142.6% during the 2nd quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock worth $159,000 after purchasing an additional 211 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Jabil by 68.2% during the 2nd quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock worth $168,000 after purchasing an additional 2,337 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Jabil by 9.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock worth $177,000 after purchasing an additional 547 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of Jabil during the 2nd quarter worth approximately $206,000. Finally, Bridgewater Associates LP bought a new stake in shares of Jabil during the 2nd quarter worth approximately $219,000. Institutional investors own 95.10% of the company’s stock.

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About Jabil

Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.

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