Jabil Inc (NYSE: JBL): To Buy Or Not To Buy, That Is The Question

Jabil Inc (JBL) concluded trading on Thursday at a closing price of $126.65, with 3.82 million shares of worth about $483.37 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.83% during that period and on September 26, 2024 the price saw a gain of about 11.65%. Currently the company’s common shares owned by public are about 131.29M shares, out of which, 109.06M shares are available for trading.

Stock saw a price change of 14.24% in past 5 days and over the past one month there was a price change of 17.70%. Year-to-date (YTD), JBL shares are showing a performance of -0.59% which increased to 20.62% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $95.85 but also hit the highest price of $156.94 during that period. The average intraday trading volume for Jabil Inc shares is 1.54 million. The stock is currently trading 18.54% above its 20-day simple moving average (SMA20), while that difference is up 18.35% for SMA50 and it goes to 4.16% higher than SMA200.

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Jabil Inc (NYSE: JBL) currently have 131.29M outstanding shares and institutions hold larger chunk of about 97.13% of that.

The stock has a current market capitalization of $14.37B and its 3Y-monthly beta is at 1.25. PE ratio of stock for trailing 12 months is 11.52, while it has posted earnings per share of $10.99 in the same period. Its PEG reads 1.06 and has Quick Ratio of 0.74 while making debt-to-equity ratio of 1.88. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for JBL, volatility over the week remained 2.88% while standing at 2.60% over the month.

Stock’s fiscal year EPS is expected to rise by 3.05% while it is estimated to increase by 15.09% in next year. EPS is likely to shrink at an annualized rate of 10.85% for next 5-years, compared to annual growth of 65.15% made by the stock over the past 5-years.

Coverage by Barclays stated Jabil Inc (JBL) stock as an Overweight in their note to investors on January 17, 2024, suggesting a price target of $151 for the stock. On September 07, 2023, Barclays Initiated their recommendations, while on July 05, 2023, JP Morgan Resumed their ratings for the stock with a price target of $110. Stock get a Neutral rating from UBS on December 13, 2022.

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