Jabil Inc (NYSE: JBL) has a higher price-to-earnings ratio of 11.01x compared to its average ratio. JBL has 36-month beta value of 1.28. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for JBL is 116.07M, and currently, short sellers hold a 3.15% ratio of that float. The average trading volume of JBL on June 18, 2024 was 1.32M shares.
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JBL) stock’s latest price update
Jabil Inc (NYSE: JBL) has experienced a rise in its stock price by 3.04 compared to its previous closing price of 124.48. However, the company has seen a gain of 8.93% in its stock price over the last five trading days. benzinga.com reported 2024-06-18 that Jabil Inc. JBL will release its third-quarter financial results, before the opening bell on Thursday.
JBL’s Market Performance
JBL’s stock has risen by 8.93% in the past week, with a monthly rise of 11.52% and a quarterly rise of 2.00%. The volatility ratio for the week is 2.71% while the volatility levels for the last 30 days are 2.77% for Jabil Inc The simple moving average for the past 20 days is 8.44% for JBL’s stock, with a 1.59% simple moving average for the past 200 days.
Analysts’ Opinion of JBL
Barclays, on the other hand, stated in their research note that they expect to see JBL reach a price target of $151, previously predicting the price at $153. The rating they have provided for JBL stocks is “Overweight” according to the report published on January 17th, 2024.
Barclays gave a rating of “Overweight” to JBL, setting the target price at $134 in the report published on September 07th of the previous year.
JBL Trading at 6.11% from the 50-Day Moving Average
After a stumble in the market that brought JBL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.27% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 2.71%, as shares surge +6.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.08% lower at present.
During the last 5 trading sessions, JBL rose by +9.36%, which changed the moving average for the period of 200-days by +12.54% in comparison to the 20-day moving average, which settled at $118.68. In addition, Jabil Inc saw 0.68% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at JBL starting from Wilson Kenneth S, who sale 15,000 shares at the price of $134.20 back on Apr 15 ’24. After this action, Wilson Kenneth S now owns 339,725 shares of Jabil Inc, valued at $2,012,938 using the latest closing price.
Schick Gary K., the SVP, CHRO of Jabil Inc, sale 798 shares at $136.55 during a trade that took place back on Apr 09 ’24, which means that Schick Gary K. is holding 20,630 shares at $108,967 based on the most recent closing price.
Stock Fundamentals for JBL
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.09 for the gross margin
The net margin for Jabil Inc stands at 0.05. The total capital return value is set at 0.22. Equity return is now at value 56.61, with 8.23 for asset returns.
Based on Jabil Inc (JBL), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 1.12. The interest coverage ratio of the stock is 9.37.
Currently, EBITDA for the company is 2.58 billion with net debt to EBITDA at 0.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.5. The receivables turnover for the company is 8.59for trailing twelve months and the total asset turnover is 1.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
To put it simply, Jabil Inc (JBL) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
