Jabil (JBL) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research cut shares of Jabil (NYSE:JBL) from a hold rating to a sell rating in a report released on Monday morning.

According to Zacks, “Jabil is exposed to significant customer concentration risk which is a major concern for the company. Given the competitive nature of the industry, the uncertainty in demand from or loss of any of its key customers will severely impact the company’s results. Besides, sluggishness in mobility business is a headwind. Additionally, numerous acquisitions are adding to significant integration risks. However, Jabil is benefiting from high growth in the healthcare & packaging business. Shares outperformed the industry in the past one year.”

Several other research firms have also commented on JBL. Goldman Sachs Group lowered shares of Jabil from a neutral rating to a sell rating and reduced their target price for the company from $28.00 to $26.00 in a report on Tuesday, October 10th. ValuEngine lowered shares of Jabil from a strong-buy rating to a buy rating in a report on Monday, December 4th. UBS Group reaffirmed a buy rating and set a $35.00 target price on shares of Jabil in a report on Tuesday, October 17th. Argus raised shares of Jabil from a hold rating to a buy rating and set a $36.00 target price on the stock in a report on Monday, December 18th. Finally, Raymond James Financial reaffirmed a hold rating on shares of Jabil in a report on Thursday, December 14th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $32.27.

Jabil (NYSE:JBL) traded up $0.19 during trading on Monday, hitting $24.57. 236,625 shares of the stock traded hands, compared to its average volume of 2,275,027. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.50 and a current ratio of 0.95. The stock has a market cap of $4,429.96, a PE ratio of 42.77, a P/E/G ratio of 1.02 and a beta of 0.53. Jabil has a 12-month low of $23.70 and a 12-month high of $31.70.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, December 14th. The technology company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.01. Jabil had a net margin of 0.54% and a return on equity of 12.95%. The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter last year, the company posted $0.69 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. equities research analysts forecast that Jabil will post 2.06 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, February 14th. Jabil’s dividend payout ratio (DPR) is presently 56.14%.

In other Jabil news, President William E. Peters sold 13,915 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $26.00, for a total value of $361,790.00. Following the sale, the president now owns 608,499 shares of the company’s stock, valued at approximately $15,820,974. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark T. Mondello sold 30,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 1,836,889 shares in the company, valued at approximately $52,314,598.72. The disclosure for this sale can be found here. In the last three months, insiders sold 89,830 shares of company stock worth $2,510,583. Insiders own 2.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. IHT Wealth Management LLC grew its holdings in Jabil by 142.6% in the 2nd quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock worth $159,000 after acquiring an additional 211 shares during the last quarter. Advisor Group Inc. grew its holdings in Jabil by 68.2% in the 2nd quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock worth $168,000 after acquiring an additional 2,337 shares during the last quarter. Alambic Investment Management L.P. bought a new stake in Jabil in the 4th quarter worth $215,000. ETRADE Capital Management LLC bought a new stake in Jabil in the 3rd quarter worth $238,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Jabil by 47.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,907 shares of the technology company’s stock valued at $234,000 after purchasing an additional 2,853 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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Jabil Company Profile

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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