Zacks Research Downgrades Jabil (NYSE:JBL) to Hold

Jabil (NYSE:JBL) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

JBL has been the subject of several other reports. Stifel Nicolaus boosted their target price on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Weiss Ratings downgraded shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Wall Street Zen cut Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Barclays lifted their price objective on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Finally, Robert W. Baird upped their target price on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $290.63.

Jabil Price Performance

Shares of NYSE JBL opened at $332.98 on Monday. The firm’s 50-day moving average price is $301.42 and its 200-day moving average price is $257.11. Jabil has a 1-year low of $161.52 and a 1-year high of $372.37. The firm has a market capitalization of $35.13 billion, a P/E ratio of 44.69, a P/E/G ratio of 1.76 and a beta of 1.29. 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 (NYSE:JBL) last announced 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. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The firm had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. Equities research analysts anticipate that Jabil will post 11.3 earnings per share for the current fiscal year.

Insider Transactions at Jabil

In other Jabil news, Director Anousheh Ansari sold 2,000 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the director owned 31,800 shares in the company, valued at approximately $9,540,000. This trade represents a 5.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Andrew Priestley sold 3,169 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $330.00, for a total transaction of $1,045,770.00. Following the completion of the sale, the executive vice president owned 57,098 shares of the company’s stock, valued at approximately $18,842,340. This trade represents a 5.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 37,981 shares of company stock worth $11,360,740. Company insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Jabil

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Jabil by 0.7% during the 3rd quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock valued at $1,129,207,000 after acquiring an additional 36,646 shares during the period. Primecap Management Co. CA grew its position in shares of Jabil by 0.4% during the 4th quarter. Primecap Management Co. CA now owns 3,343,670 shares of the technology company’s stock valued at $762,424,000 after acquiring an additional 12,600 shares during the period. Geode Capital Management LLC grew its position in shares of Jabil by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company’s stock valued at $661,783,000 after acquiring an additional 42,422 shares during the period. JPMorgan Chase & Co. grew its position in shares of Jabil by 45.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock valued at $429,714,000 after acquiring an additional 591,364 shares during the period. Finally, Norges Bank bought a new position in shares of Jabil during the 4th quarter valued at approximately $407,299,000. 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.