Jabil (NYSE:JBL) Stock Rating Raised to Strong-Buy at Zacks Research

Jabil (NYSE:JBL) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday, Zacks reports.

A number of other equities analysts also recently commented on the stock. Barclays cut their price objective on shares of Jabil from $426.00 to $378.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. Argus reiterated a “buy” rating and set a $475.00 price target on shares of Jabil in a research note on Thursday, October 1st. Bank of America reissued a “buy” rating and set a $470.00 price target on shares of Jabil in a report on Thursday, June 18th. UBS Group reiterated a “buy” rating on shares of Jabil in a research report on Thursday. Finally, Weiss Ratings downgraded Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $434.22.

Jabil Trading Down 0.2%

Shares of JBL stock opened at $298.90 on Wednesday. The business’s 50 day moving average is $316.85 and its two-hundred day moving average is $327.50. Jabil has a twelve month low of $189.60 and a twelve month high of $428.93. The company has a market capitalization of $31.32 billion, a P/E ratio of 30.56, a price-to-earnings-growth ratio of 0.90 and a beta of 1.30. The company has a current ratio of 0.99, a quick ratio of 0.65 and a debt-to-equity ratio of 1.78.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, September 30th. The technology company reported $4.40 EPS for the quarter, topping the consensus estimate of $4.05 by $0.35. Jabil had a return on equity of 89.50% and a net margin of 2.90%.The business had revenue of $10.62 billion during the quarter, compared to analysts’ expectations of $9.69 billion. During the same quarter in the prior year, the business earned $3.29 earnings per share. The company’s quarterly revenue was up 28.6% compared to the same quarter last year. Jabil has set its Q1 2027 guidance at 3.800-4.200 EPS and its FY 2027 guidance at 17.550-17.550 EPS. Equities analysts forecast that Jabil will post 16.53 EPS for the current year.

Institutional Investors Weigh In On Jabil

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Jabil during the second quarter worth $3,905,704,000. Primecap Management Co. CA acquired a new stake in Jabil in the second quarter valued at $1,220,861,000. Arrowstreet Capital Limited Partnership grew its holdings in Jabil by 8.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,576,308 shares of the technology company’s stock valued at $359,430,000 after purchasing an additional 121,393 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Jabil in the second quarter valued at $447,882,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Jabil during the 2nd quarter worth $411,079,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

About Jabil

Jabil Inc is a global manufacturing services and technology company that helps brands design, manufacture, and manage products and supply chains. Its capabilities include product design and engineering, prototyping, production, assembly, testing, packaging, logistics, and aftermarket services.

The company serves customers across a range of industries, including healthcare, automotive, cloud and data infrastructure, communications, connected devices, industrial equipment, energy, and consumer products.