According to Marketbeat, Jabil Inc. has received a consensus rating of “Buy” from eight research firms. One analyst has given the stock a hold rating, while six have issued a buy rating and one has issued a strong buy rating. The average 12-month price target among brokers that have covered the stock is $114.00.
Jabil’s stock performance has been the topic of several analyst reports. Credit Suisse Group and Barclays raised their price targets on the stock, while Stifel Nicolaus and StockNews.com initiated coverage. VNET Group has also reiterated a “maintains” rating on the company’s shares.
On Friday, Jabil opened at $126.89. The stock has a fifty-day moving average of $108.87 and a two-hundred day moving average of $97.40. The company has a market capitalization of $16.61 billion and a P/E ratio of 21.15. Jabil’s beta is 1.46, indicating higher volatility compared to the market. The firm has a debt-to-equity ratio of 1.00, a quick ratio of 0.59, and a current ratio of 1.16.
In its recent earnings report, Jabil reported earnings per share of $2.45 for the quarter, beating analysts’ consensus estimates of $2.32. The company had revenue of $8.46 billion for the quarter. Jabil’s return on equity is 38.02%, and its net margin is 2.36%. Analysts are expecting the company to post earnings per share of 8.65 for the current year.
Jabil also declared a quarterly dividend, with an annualized dividend yield of 0.25%. The company’s board has also initiated a share repurchase program, allowing them to buy back up to 15.3% of their stock.
Several hedge funds and institutional investors have modified their holdings of Jabil, including FMR LLC, JPMorgan Chase & Co., and Wellington Management Group LLP. These funds now own a significant portion of the company.
Overall, Jabil appears to be well-regarded by analysts, with buy ratings and positive price targets. Its recent earnings beat and share repurchase program have further solidified investor confidence in the company’s future growth potential.
Definitions:
– Consensus rating: An average rating given by financial analysts on a particular stock.
– Price target: A projected price at which an analyst believes a stock is fairly valued.
– Moving average: A calculation used to analyze data points by creating a series of averages.
– Market capitalization: The total value of a company’s outstanding shares in the stock market.
– P/E ratio: A valuation ratio that measures a company’s current share price relative to its per-share earnings.
– Beta: A measure of a stock’s volatility in relation to the overall market.
– Debt-to-equity ratio: A financial ratio indicating the relative proportion of shareholders’ equity and debt used to finance a company’s assets.
– Quick ratio: A liquidity ratio that measures a company’s ability to meet short-term obligations.
– Current ratio: A liquidity ratio that measures a company’s ability to pay off short-term liabilities with short-term assets.
– Return on equity: A measure of a company’s profitability relative to shareholders’ equity.
– Net margin: A financial ratio that gauges a company’s profitability by measuring how much out of every dollar of revenue is retained as profit.
– Dividend payout ratio: A measure of the proportion of earnings that a company pays out to its shareholders in the form of dividends.
– Share repurchase program: A corporate action in which a company buys back its own shares from the marketplace.
– Hedge funds: Alternative investment vehicles that pool capital from investors and invest in a variety of assets, aiming to provide significant returns.
– Institutional investors: Organizations that invest large sums of money on behalf of their clients, such as pension funds, insurance companies, and mutual funds.
Sources: Marketbeat, NYSE research reports, Securities & Exchange Commission filings.
