Jabil (NYSE:JBL) Stock Rating Lowered by StockNews.com

Jabil (NYSE:JBL) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Several other research analysts have also issued reports on JBL. The Goldman Sachs Group boosted their target price on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. UBS Group boosted their target price on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Bank of America raised their price target on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, Barclays raised their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $153.17.

Jabil Price Performance

NYSE JBL traded down $0.42 on Monday, reaching $153.46. The company had a trading volume of 1,099,457 shares, compared to its average volume of 1,339,049. The stock has a market capitalization of $17.14 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23. Jabil has a 12 month low of $95.85 and a 12 month high of $156.94. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm’s 50 day moving average price is $138.75 and its 200 day moving average price is $121.92.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. Jabil’s revenue was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.60 earnings per share. As a group, equities analysts predict that Jabil will post 7.89 earnings per share for the current year.

Insider Activity

In other news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the sale, the director now owns 139,108 shares in the company, valued at approximately $17,346,767.60. This represents a 12.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,689 shares of company stock valued at $5,501,871. Company insiders own 1.73% of the company’s stock.

Institutional Trading of Jabil

Hedge funds and other institutional investors have recently modified their holdings of the business. Capital Performance Advisors LLP bought a new position in shares of Jabil during the 3rd quarter worth about $32,000. Brooklyn Investment Group bought a new stake in shares of Jabil during the third quarter valued at approximately $39,000. Matrix Trust Co grew its stake in shares of Jabil by 135.4% during the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after purchasing an additional 214 shares during the last quarter. Armstrong Advisory Group Inc. lifted its stake in shares of Jabil by 114.0% during the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock valued at $51,000 after acquiring an additional 228 shares during the period. Finally, Sound Income Strategies LLC boosted its holdings in 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 acquiring an additional 435 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

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).