Jabil (NYSE:JBL) Hits New 52-Week High – Should You Buy?

Jabil, Inc. (NYSE:JBL) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $386.64 and last traded at $385.7690, with a volume of 185698 shares. The stock had previously closed at $376.89.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JBL shares. Stifel Nicolaus increased their price target on shares of Jabil from $255.00 to $290.00 and gave the company 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 report on Friday, April 24th. Raymond James Financial reissued a “strong-buy” rating and issued a $425.00 price target on shares of Jabil in a report on Wednesday. Robert W. Baird raised their target price on shares of Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Finally, Barclays raised their target price on shares of Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Jabil currently has an average rating of “Moderate Buy” and a consensus price target of $339.75.

Jabil Price Performance

The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. The stock has a market cap of $40.51 billion, a P/E ratio of 51.66, a PEG ratio of 1.83 and a beta of 1.28. The firm’s fifty day moving average price is $337.08 and its 200-day moving average price is $275.75.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $7.75 billion. During the same quarter last year, the business earned $1.94 earnings per share. The business’s revenue was up 23.1% on a year-over-year basis. Analysts forecast that Jabil, Inc. will post 11.3 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s dividend payout ratio (DPR) is presently 4.30%.

Insider Buying and Selling

In related news, Director Anousheh Ansari sold 2,000 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was 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 of the company’s stock, valued at $9,540,000. This trade represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steven D. Borges sold 5,126 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $317.51, for a total value of $1,627,556.26. Following the transaction, the executive vice president directly owned 71,398 shares of the company’s stock, valued at $22,669,578.98. This represents a 6.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,981 shares of company stock valued at $11,360,740 over the last three months. Insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On Jabil

Large investors have recently modified their holdings of the stock. Greenline Wealth Management LLC purchased a new position in shares of Jabil in the 4th quarter worth about $28,000. Virtus Advisers LLC purchased a new position in Jabil in the 4th quarter worth approximately $32,000. DV Equities LLC purchased a new position in Jabil in the 4th quarter worth approximately $34,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Jabil during the 4th quarter worth approximately $34,000. Finally, Leonteq Securities AG purchased a new stake in shares of Jabil during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

About Jabil

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.