Jabil Inc. Monthly Stock Overview
Publication Date: September 22, 2024
Company Overview
Jabil Inc. (NYSE: JBL) is a prominent player in the technology sector, particularly within the Electronic Components industry. Established in 1966 and based in Saint Petersburg, Florida, Jabil delivers a broad spectrum of manufacturing services and solutions globally. The company’s core competencies include Electronics Manufacturing Services and Diversified Manufacturing Services, specializing in electronics design, production, and product management. With a diverse clientele across automotive, healthcare, and telecommunications industries, Jabil adeptly adapts to the evolving demands of different sectors, cementing its critical role in the dynamic electronic manufacturing landscape. As a publicly traded entity, JBL represents a share in this innovative company with a current trading price of $113.96.
Market Analysis
The electronic components sector is gaining traction, showing robust potential for investors. Analysts are optimistic about JBL, advising a “buy” recommendation, with expectations for a target high price of $160.00. Jabil reported an impressive total revenue of $30.38 billion, highlighting strong demand within the industry indicative of a healthy market environment. Currently, there are 113,445,000 shares outstanding, and approximately 5.36% of the float, or 4,402,071 shares, are sold short, suggesting an overall bullish sentiment as few investors are betting against the stock.
Growth Potential
Current analytical insights provide an optimistic outlook for Jabil’s stock performance. With a target mean price around $133.99 and a target low price of $120.00, the price projections imply considerable growth potential from the current valuation. The stock has remained within a fifty-two-week range, experiencing a high of $156.94 and a low of $95.85. Despite the current price exceeding the fifty-day average at $107.19, there remains room for growth, reinforcing confidence in Jabil’s upward trajectory. Collectively, the analysis indicates substantial investor confidence, emphasizing Jabil Inc.’s potential as a sound investment choice in the electronic components market.
| Metric | Value |
|---|---|
| Market Cap | $12.9b |
| Total Debt | $3.3b |
| Total Cash | $2.5b |
| Shares Outstanding | 113.4m |
| Float Shares | 109.2m |
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