The stock of Jabil Inc. (NYSE:JBL) increased by $9.15 on Monday to finish at $112.37, up 8.86 percent. The last five days have seen an average of 1,527,740 shares of common stock traded. 43 times new highs were reached in the current year, with a gain of $44.17. The average number of shares traded over the last 20 days was 1,017,825, while the average volume over the last 50 days totaled 1,075,242.
JBL stock appreciated 3.16% since last month. On 08/18/23, the company’s shares reached a one-month low of $100.18. The stock touched a high of $115.25 on 07/19/23, after rallying from a low of $55.26 in 52 weeks. The price of JBL stock has risen by 64.77% or $44.17 this year, reaching a new high 43 times. Still, the stock price is down -2.50% from the 52-week high.
Insider Transactions
JBL stock investors should be aware that Jabil Inc. (JBL) stock had its last reported insider trading activity 55 days ago on Jul 05. On Jul 05, Director ANSARI ANOUSHEH sold 3,000 shares at $108.61 each. This transaction resulted in the insider making $325,825. On Mar 22, BORGES STEVEN D sold 8,483 shares at a price of US$83.40. After the transaction, the insider now owns 159,129 shares. SVP, Chief Procurement Officer McKay Francis had earlier sold 1,197 shares on Mar 22 for $82.91 a share. The transaction was completed for $99,242.
Valuation Metrics
Jabil Inc. (JBL) has a trailing price-to-earnings (P/E) ratio of 15.81. Beta for the stock is 1.48. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.42, the price-to-book (PB) ratio of 5.43, and the price-to-cash flow ratio of 19.00.
Company paid $0.08 per share in dividends, remained unchanged from $0.08 last year.
Financial Health
For the three months ended May 30, Jabil Inc.’s quick ratio was 0.60, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending May 30 is 1.05, and the total debt to equity ratio is 1.16. As far as profitability goes, gross margin for the trailing twelve months is 8.00% percent. Jabil Inc.’s EBITDA margin for the year ended May 30 was 7.02%, whereas its operating margin stood at 4.30% for the same period. Based on annual data, it had gross profit of $2.63 billion and revenue of $33.48 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. JBL’s return on assets (ROA) during the last 12 months has been 4.90%. There was a 20.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 37.70%.
Earnings Surprise
According to Jabil Inc.’s quarterly financial report for the quarter that ended May 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $8.47 billion, while revenues rose by 1.73% to $8.13 billion. It was predicted that Jabil Inc.’s quarterly earnings would be $1.99, but it ended up being $1.87, beating the consensus by 6.40%. EBITDA was $613.0 million for the quarter. At the end of Jabil Inc.’s most recent quarter ended May 30, its liabilities totaled 16.7 billion, while its total debt was $3.77 billion. Equity owned by shareholders amounts to $130.88 million.
Technical Picture
Here’s a quick look at Jabil Inc.’s (JBL) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 72.28%, suggesting the stock is Overbought, with a 46.53% historical volatility rate.
The stochastic %K and %D were 56.07% and 44.83% respectively, while the average true range (ATR) was 3.04. Based on the 14-day stochastic reading of 94.94%, the RSI (14) reading is 65.56%. On the 9-day MACD Oscillator, the stock is at 2.14, and the 14-day reading is at 1.34.
Analyst Ratings
Analysts have assigned Jabil Inc. (JBL) an Overweight rating. JBL is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.
What is JBL’s price target for the next 12 months?
The current consensus forecast for the stock is between $110.00 and $126.00, with a median target price of $120.00. In analyzing these forecasts, the average price target given by analysts for Jabil Inc. (JBL) is $118.88.
