During the last session, Jabil Inc (NYSE:JBL)’s traded shares were 0.89 million, with the beta value of the company hitting 1.25. At the end of the trading day, the stock’s price was $124.23, reflecting an intraday gain of 1.07% or $1.32. The 52-week high for the JBL share is $156.94, that puts it down -26.33 from that peak though still a striking 22.84% gain since the share price plummeted to a 52-week low of $95.85. The company’s market capitalization is $14.09B, and the average intraday trading volume over the past 10 days was 1.43 million shares, and the average trade volume was 1.49 million shares over the past three months.
Jabil Inc (JBL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.75. JBL has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 5 recommend a Buy rating for it.
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Jabil Inc (NYSE:JBL) trade information
Jabil Inc (JBL) registered a 1.07% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.07% in intraday trading to $124.23, hitting a weekly high. The stock’s 5-day price performance is 2.11%, and it has moved by 19.68% in 30 days. Based on these gigs, the overall price performance for the year is -10.30%. The short interest in Jabil Inc (NYSE:JBL) is 3.47 million shares and it means that shorts have 1.79 day(s) to cover.
The consensus price target of analysts on Wall Street is $138.5, which implies an increase of 10.3% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $90 and $150 respectively. As a result, JBL is trading at a discount of -20.74% off the target high and 27.55% off the low.
Jabil Inc (JBL) estimates and forecasts
Statistics show that Jabil Inc has outperformed its competitors in share price, compared to the industry in which it operates. Jabil Inc (JBL) shares have gone down -7.34% during the last six months, with a year-to-date growth rate more than the industry average at 1.77% against 0.60.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 43.91%. While earnings are projected to return 2.31% in 2024, the next five years will return 10.82% per annum.
JBL Dividends
Jabil Inc is due to release its next quarterly earnings on 2024-Dec-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Jabil Inc is 0.32, with the dividend yield indicating at 0.26 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.56%.
Jabil Inc (NYSE:JBL)’s Major holders
Jabil Inc insiders own 2.96% of total outstanding shares while institutional holders control 97.96%, with the float percentage being 100.95%. VANGUARD GROUP INC is the largest shareholder of the company, while 980.0 institutions own stock in it. As of 2024-06-30, the company held over 14.39 million shares (or 12.0043% of all shares), a total value of $1.57 billion in shares.
The next largest institutional holding, with 9.35 million shares, is of BLACKROCK INC.’s that is approximately 7.8016% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.02 billion.
