Analysts Set Jabil Inc. (NYSE:JBL) PT at $98.43

Posted by on Jun 26th, 2023

Shares of Jabil Inc. (NYSE:JBL – Get Rating) have received an average recommendation of “Buy” from the four ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $98.43.

A number of analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Jabil from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, March 17th. StockNews.com initiated coverage on shares of Jabil in a research note on Thursday, May 18th. They issued a “buy” rating on the stock. Bank of America raised their target price on Jabil from $91.00 to $108.00 in a report on Monday, June 12th. Raymond James boosted their price target on Jabil from $84.00 to $100.00 and gave the stock a “strong-buy” rating in a report on Tuesday, March 14th. Finally, Stifel Nicolaus lifted their target price on Jabil from $90.00 to $105.00 in a research report on Monday, June 12th.

Jabil Price Performance

Shares of JBL stock opened at $103.04 on Friday. Jabil has a 52-week low of $48.80 and a 52-week high of $107.30. The stock has a market cap of $13.67 billion, a PE ratio of 14.51, a PEG ratio of 1.09 and a beta of 1.43. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 1.06. The firm’s 50 day moving average price is $87.52 and its two-hundred day moving average price is $81.85.

Jabil (NYSE:JBL – Get Rating) last announced its quarterly earnings results on Thursday, June 15th. The technology company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.12. Jabil had a net margin of 2.77% and a return on equity of 39.61%. The company had revenue of $8.48 billion for the quarter, compared to analysts’ expectations of $8.20 billion. During the same period last year, the firm posted $1.52 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, analysts forecast that Jabil will post 7.87 EPS for the current year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Monday, May 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.31%. Jabil’s dividend payout ratio (DPR) is presently 4.51%.

Hedge Funds Weigh In On Jabil

A number of hedge funds have recently modified their holdings of the business. Raleigh Capital Management Inc. lifted its stake in shares of Jabil by 29.2% during the 1st quarter. Raleigh Capital Management Inc. now owns 540 shares of the technology company’s stock valued at $48,000 after buying an additional 122 shares in the last quarter. Twelve Points Wealth Management LLC lifted its stake in shares of Jabil by 0.9% during the 4th quarter. Twelve Points Wealth Management LLC now owns 15,006 shares of the technology company’s stock valued at $1,023,000 after buying an additional 130 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Jabil by 0.3% during the 4th quarter. LPL Financial LLC now owns 42,365 shares of the technology company’s stock valued at $2,889,000 after buying an additional 130 shares in the last quarter. Lindbrook Capital LLC lifted its stake in shares of Jabil by 29.6% during the 4th quarter. Lindbrook Capital LLC now owns 586 shares of the technology company’s stock valued at $40,000 after buying an additional 134 shares in the last quarter. Finally, AdvisorShares Investments LLC lifted its stake in shares of Jabil by 25.1% during the 1st quarter. AdvisorShares Investments LLC now owns 688 shares of the technology company’s stock valued at $61,000 after buying an additional 138 shares in the last quarter. Institutional investors and hedge funds own 91.90% of the company’s stock.

About Jabil

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Jabil, Inc engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries.

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