5 Undervalued Stocks to Buy Now

2. Jabil Inc. (NYSE:JBL)

Number of Hedge Fund Holders: 27

PE Ratio: 14.12

Jabil Inc. (NYSE:JBL) is a Florida-based company that deals in the provision of manufacturing services and solutions around the world. The firm posted an EPS of $1.92 for the third quarter, beating estimates by $0.12. Revenue figure of $8.57 billion for Q3 was also above estimates by $284.50 million.

On December 17, Raymond James analyst Melissa Fairbanks upped the firm’s price target on Jabil Inc. (NYSE:JBL), and reiterated a ‘Strong Buy’ rating on the stock. Melissa believes that recent diversification efforts by the company have set it up to gain from long-term secular growth trends across various end markets.

In December, research firm Citi put Jabil Inc. (NYSE:JBL) on its list of top IT hardware stock picks for 2022. The firm’s analyst Jim Suva noted that the company has been recently gaining a lot of market share, and this will only progress as the year goes by.

27 hedge funds were long Jabil Inc. (NYSE:JBL) at the end of the third quarter, with a combined holding value of $517.37 million. This is in comparison to 26 hedge funds holding $513.61 million at the end of Q2 2021.