A correction may be in store for Jabil Inc. (NYSE:JBL) shares?

As of close of business last night, Jabil Inc.’s stock clocked out at $69.22, down -0.22% from its previous closing price of $69.37. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 1431146 shares were traded. JBL stock price reached its highest trading level at $69.76 during the session, while it also had its lowest trading level at $68.50.

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To gain a deeper understanding of JBL’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 41.65. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 1.30 whereas as Long-Term Debt/Eq ratio is at 1.13.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Credit Suisse on August 17, 2022, initiated with a Outperform rating and assigned the stock a target price of $74.

On December 10, 2021, Goldman Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $63 to $75.

Stifel Upgraded its Hold to Buy on September 30, 2021, whereas the target price for the stock was revised from $63 to $68.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 11 when SANSONE THOMAS A sold 20,000 shares for $66.50 per share. The transaction valued at 1,330,000 led to the insider holds 393,325 shares of the business.

Smith Daryn G. sold 17,618 shares of JBL for $1,162,083 on Oct 28. The SVP, Controller now owns 60,819 shares after completing the transaction at $65.96 per share. On Oct 26, another insider, Katz Robert L, who serves as the EVP, GC, CCO & Assist Corp Sec of the company, sold 15,000 shares for $64.79 each. As a result, the insider received 971,850 and left with 122,316 shares of the company.

Valuation Measures:

As of this moment, Jabil’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.01, and their Forward P/E ratio for the next fiscal year is 7.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 3.87.

Stock Price History:

Over the past 52 weeks, JBL has reached a high of $72.11, while it has fallen to a 52-week low of $48.80. The 50-Day Moving Average of the stock is 61.56, while the 200-Day Moving Average is calculated to be 59.11.

Shares Statistics:

It appears that JBL traded 1.15M shares on average per day over the past three months and 1.44M shares per day over the past ten days. A total of 137.00M shares are outstanding, with a floating share count of 130.66M. Insiders hold about 3.10% of the company’s shares, while institutions hold 91.50% stake in the company. Shares short for JBL as of Oct 13, 2022 were 3.19M with a Short Ratio of 2.80M, compared to 2.99M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.32% and a Short% of Float of 3.31%.

Dividends & Splits

With its trailing 12-month dividend rate of 0.32, JBL has a forward annual dividend rate of 0.32. Against a Trailing Annual Dividend Yield of 0.46%, it implies a Forward Annual Dividend Yield of 0.50%. The stock’s 5-year Average Dividend Yield is 0.90. The current Payout Ratio is 4.50% for JBL, which recently paid a dividend on Dec 01, 2022 with an ex-dividend date of Nov 13, 2022. Stock splits for the company last occurred on Mar 30, 2000 when the company split stock in a 2:1 ratio.

Earnings Estimates

As of right now, 8 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $2.24 for the current quarter, with a high estimate of $2.35 and a low estimate of $2.19, while EPS last year was $1.92. The consensus estimate for the next quarter is $1.81, with high estimates of $1.92 and low estimates of $1.68.

Analysts are recommending an EPS of between $8.26 and $8.14 for the fiscal current year, implying an average EPS of $8.19. EPS for the following year is $8.72, with 8 analysts recommending between $9 and $8.4.

Revenue Estimates

A total of 8 analysts have provided revenue estimates for JBL’s current fiscal year. The highest revenue estimate was $34.69B, while the lowest revenue estimate was $34.32B, resulting in an average revenue estimate of $34.52B. In the same quarter a year ago, actual revenue was $33.48B, up 3.10% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $35.51B in the next fiscal year. The high estimate is $35.75B and the low estimate is $35.16B. The average revenue growth estimate for next year is up 2.90% from the average revenue estimate for this year.