Analysts Set Jabil, Inc. (NYSE:JBL) Price Target at $283.25

Shares of Jabil, Inc. (NYSE:JBL) have earned an average rating of “Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $283.25.

JBL has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Robert W. Baird upped their target price on shares of Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. JPMorgan Chase & Co. increased their target price on shares of Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Stifel Nicolaus lifted their price target on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Finally, Weiss Ratings raised shares of Jabil from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, April 9th.

Jabil Trading Down 0.0%

NYSE:JBL opened at $321.57 on Monday. Jabil has a 1 year low of $127.72 and a 1 year high of $323.55. The stock has a market cap of $33.93 billion, a P/E ratio of 43.16, a P/E/G ratio of 1.67 and a beta of 1.16. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The stock has a 50-day simple moving average of $268.07 and a 200-day simple moving average of $237.76.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.18. The business had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the company earned $1.94 EPS. As a group, analysts anticipate that Jabil will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, February 17th. Jabil’s payout ratio is presently 4.30%.

Insider Transactions at Jabil

In other Jabil news, CEO Michael Dastoor sold 9,467 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $286.64, for a total value of $2,713,620.88. Following the completion of the sale, the chief executive officer owned 253,099 shares in the company, valued at approximately $72,548,297.36. The trade was a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Adam E. Berry sold 1,585 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $301.23, for a total value of $477,449.55. Following the completion of the sale, the senior vice president directly owned 16,335 shares of the company’s stock, valued at $4,920,592.05. The trade was a 8.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 42,474 shares of company stock worth $11,652,721. Insiders own 1.35% of the company’s stock.

Institutional Trading of Jabil

Institutional investors and hedge funds have recently bought and sold shares of the business. Greenline Wealth Management LLC acquired a new position in Jabil in the fourth quarter valued at $28,000. True Wealth Design LLC raised its holdings in shares of Jabil by 250.0% in the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock valued at $30,000 after buying an additional 100 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Jabil during the third quarter worth about $30,000. Veracity Capital LLC grew its holdings in shares of Jabil by 4,144.3% during the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock worth $31,000 after buying an additional 3,647 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of Jabil during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Company Profile

Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.