17 hours Ago By ABMN Staff
Jabil Inc. ( NYSE:JBL – Get Free Report ) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 4,400,000 shares, a drop of 13.
4% from the August 15th total of 5,080,000 shares. Based on an average daily volume of 1,590,000 shares, the short-interest ratio is presently 2.8 days.
Currently, 4.0% of the company’s shares are short sold. Wall Street Analysts Forecast Growth JBL has been the topic of several research analyst reports.
Barclays cut their target price on Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st.
Bank of America cut their price target on Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, June 21st.
Stifel Nicolaus lowered their price objective on shares of Jabil from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday.
JPMorgan Chase & Co. cut their target price on shares of Jabil from $137.00 to $133.
00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Finally, UBS Group reduced their price target on shares of Jabil from $130.00 to $120.
00 and set a “neutral” rating for the company in a report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $139.
88. Read Our Latest Stock Analysis on Jabil Insider Buying and Selling Institutional Inflows and Outflows A number of large investors have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its stake in Jabil by 13.
0% during the 4th quarter. Wells Fargo & Company MN now owns 154,314 shares of the technology company’s stock valued at $19,660,000 after acquiring an additional 17,766 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in Jabil by 36.
7% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,339,559 shares of the technology company’s stock worth $170,660,000 after purchasing an additional 359,818 shares during the last quarter. Cetera Investment Advisers grew its position in Jabil by 141.
7% in the 1st quarter. Cetera Investment Advisers now owns 17,350 shares of the technology company’s stock worth $2,324,000 after purchasing an additional 10,173 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Jabil by 30.
1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 331,373 shares of the technology company’s stock valued at $44,387,000 after buying an additional 76,573 shares during the last quarter. Finally, Tobam bought a new position in shares of Jabil during the 1st quarter worth approximately $1,692,000.
Institutional investors own 93.39% of the company’s stock. Jabil Stock Up 1.
0 % NYSE JBL traded up $1.02 during mid-day trading on Wednesday, hitting $107.85.
The company’s stock had a trading volume of 1,346,857 shares, compared to its average volume of 1,450,621. The firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 9.
88, a PEG ratio of 1.75 and a beta of 1.25.
The company’s 50 day simple moving average is $107.29 and its 200 day simple moving average is $118.27.
The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.
26. Jabil has a twelve month low of $95.85 and a twelve month high of $156.
94. Jabil ( NYSE:JBL – Get Free Report ) last issued its quarterly earnings data on Thursday, June 20th. The technology company reported $1.
89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04.
Jabil had a net margin of 4.63% and a return on equity of 40.30%.
The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.53 billion.
During the same period last year, the company earned $1.85 earnings per share. The business’s revenue was down 20.
2% on a year-over-year basis. Analysts anticipate that Jabil will post 7.86 earnings per share for the current year.
Jabil Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were paid a $0.08 dividend.
This represents a $0.32 annualized dividend and a dividend yield of 0.30%.
The ex-dividend date was Thursday, August 15th. Jabil’s dividend payout ratio (DPR) is presently 2.91%.
Jabil Company Profile ( Get Free Report ) 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).
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