Jabil (NYSE:JBL) Lowered to “Hold” Rating by Zacks Research

Zacks Research lowered shares of Jabil (NYSE:JBLFree Report) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

A number of other brokerages have also weighed in on JBL. Barclays raised their price objective on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. UBS Group raised their price objective on Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Stifel Nicolaus raised their price objective on Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Finally, Robert W. Baird raised their price objective on Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and an average target price of $290.63.

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Jabil Stock Down 1.7%

Shares of NYSE:JBL opened at $332.98 on Monday. The stock’s 50-day moving average price is $301.42 and its two-hundred day moving average price is $257.11. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. Jabil has a 12-month low of $161.52 and a 12-month high of $372.37. The firm has a market cap of $35.13 billion, a price-to-earnings ratio of 44.69, a PEG ratio of 1.76 and a beta of 1.29.

Jabil (NYSE:JBLGet Free Report) last released its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, beating 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 company’s revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 EPS. On average, research analysts forecast that Jabil will post 11.3 EPS for the current year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s payout ratio is currently 4.30%.

Insider Buying and Selling at Jabil

In other Jabil news, CEO Michael Dastoor sold 9,467 shares of Jabil stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $286.64, for a total transaction of $2,713,620.88. Following the sale, the chief executive officer owned 253,099 shares of the company’s stock, valued at $72,548,297.36. The trade was a 3.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP May Yee Yap sold 1,634 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $306.74, for a total value of $501,213.16. Following the completion of the sale, the senior vice president directly owned 23,787 shares in the company, valued at $7,296,424.38. This represents a 6.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 37,981 shares of company stock worth $11,360,740. 1.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jabil

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Empirical Finance LLC raised its position in shares of Jabil by 0.6% during the first quarter. Empirical Finance LLC now owns 5,405 shares of the technology company’s stock worth $1,436,000 after purchasing an additional 31 shares during the period. Assetmark Inc. raised its position in shares of Jabil by 10.6% during the first quarter. Assetmark Inc. now owns 344 shares of the technology company’s stock worth $91,000 after purchasing an additional 33 shares during the period. PenderFund Capital Management Ltd. raised its position in shares of Jabil by 3.3% during the fourth quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company’s stock worth $287,000 after purchasing an additional 40 shares during the period. Root Financial Partners LLC raised its position in shares of Jabil by 11.1% during the first quarter. Root Financial Partners LLC now owns 432 shares of the technology company’s stock worth $115,000 after purchasing an additional 43 shares during the period. Finally, Cidel Asset Management Inc. raised its position in shares of Jabil by 4.8% during the first quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company’s stock worth $263,000 after purchasing an additional 45 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

About Jabil

(Get Free Report)

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.

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