The growth track for Jabil Inc (JBL) has changed recently

With 1.18 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.07 million shares. During the session, the Electronic Components company that operates in wider Technology sector, reached to the highest price of $136.10 whereas the lowest price it dropped to was $131.49. The 52-week range on JBL shows that it touched its highest point at $141.38 and its lowest point at $74.16 during that stretch. It currently has a 1-year price target of $148.15. With its current market cap of 17.34 billion, JBL has annualized dividend of $0.33 while the current yield stands at 0.24%. Beta for the stock currently stands at 1.40.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JBL was up-trending over the past week, with a rise of 3.49%, but this was up by 5.89% over a month. Three-month performance surged to 7.62% while six-month performance rose 26.78%. The stock gained 62.91% in the past year, while it has gained 6.70% so far this year. A look at the trailing 12-month EPS for JBL yields 5.87 with Next year EPS estimates of 10.67. For the next quarter, that number is 1.69. This implies an EPS growth rate of 4.48% for this year and 18.30% for next year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 65.15%.

Float and Shares Shorts:

At present, 131.29 million JBL shares are outstanding with a float of 123.18 million shares on hand for trading. On Jan 11, 2024, short shares totaled 3.85 million, which was 3.01% higher than short shares on Dec 14, 2023. In addition to Mr. Mark T. Mondello as the firm’s Executive Chairman, Mr. Kenneth S. Wilson serves as its CEO & Director.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JBL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With JBL analysts setting a high price target of $160.00 and a low target of $130.00, the average target price over the next 12 months is $148.15. Based on these targets, JBL could surge 17.71% to reach the target high and fall by -4.36% to reach the target low. Reaching the average price target will result in a growth of 8.99% from current levels.

Summary of Insider Activity:

Insiders traded JBL stock several times over the past three months with 0 Buys and 3 Sells. In these transactions, 0 shares were bought while 20,000 shares were sold. The number of buy transactions has increased to 40 while that of sell transactions has risen to 95 over the past year. The total number of shares bought during that period was 291,610 while 631,907 shares were sold.