Jabil Inc (NYSE: JBL) has reported E.P.S. of $1.08 for its third fiscal quarter (ending May 31) versus $1.76 for the same period a year ago. E.P.S. were $11.19 for the latest four quarters through May 31 versus $7.26 for the same period a year ago.
Recent Price Action
On 6/20/24, Jabil Inc (NYSE: JBL) stock suffered a major decline of -11.4%, closing at $111.79. Moreover, this decline was accompanied by exceptionally high trading volume at 379% of normal. Relative to the market the stock has been weak over the last nine months and has declined -5.1% during the last week.
Current PriceTarget Research Rating
JBL is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Jabil has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Jabil has a neutral Appreciation Score of 55 and a neutral Power Rating of 47, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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