Jabil Circuit Inc. (NYSE:JBL) Receives Average Rating of “Buy” from Brokerages
Shares of Jabil Circuit Inc. (NYSE:JBL) have been given an average recommendation of “Buy” by the sixteen ratings firms that are presently covering the firm. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $32.36.
A number of equities analysts have recently weighed in on JBL shares. B. Riley reaffirmed a “buy” rating and set a $22.00 target price on shares of Jabil Circuit in a research report on Saturday, June 18th. UBS AG lowered their target price on Jabil Circuit from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, June 16th. Needham & Company LLC reaffirmed a “buy” rating on shares of Jabil Circuit in a research report on Friday, June 17th. Bank of America Corp. reaffirmed a “buy” rating on shares of Jabil Circuit in a research report on Thursday, June 16th. Finally, Raymond James Financial Inc. reaffirmed a “buy” rating on shares of Jabil Circuit in a research report on Wednesday, July 27th.
Jabil Circuit (NYSE:JBL) traded up 0.810% during trading on Tuesday, reaching $21.785. 1,919,445 shares of the company’s stock were exchanged. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 16.504 and a beta of 1.03. Jabil Circuit has a 12 month low of $16.78 and a 12 month high of $26.00. The firm’s 50-day moving average price is $21.57 and its 200-day moving average price is $19.51.
Jabil Circuit (NYSE:JBL) last issued its earnings results on Wednesday, September 21st. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Jabil Circuit had a return on equity of 12.22% and a net margin of 1.38%. The company had revenue of $4.40 billion for the quarter. During the same period in the previous year, the company earned $0.53 earnings per share. Jabil Circuit’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that Jabil Circuit will post $2.04 EPS for the current year.
In other news, CEO Michael J. Loparco sold 2,000 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $21.90, for a total transaction of $43,800.00. Following the completion of the transaction, the chief executive officer now owns 241,092 shares in the company, valued at approximately $5,279,914.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President William E. Peters sold 20,000 shares of the stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $23.25, for a total value of $465,000.00. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quantitative Systematic Strategies LLC purchased a new position in Jabil Circuit during the second quarter valued at $181,000. Calvert Investment Management Inc. purchased a new position in Jabil Circuit during the second quarter valued at $201,000. LS Investment Advisors LLC increased its position in Jabil Circuit by 71.2% in the second quarter. LS Investment Advisors LLC now owns 11,551 shares of the company’s stock valued at $213,000 after buying an additional 4,802 shares during the last quarter. World Asset Management Inc increased its position in Jabil Circuit by 1.0% in the second quarter. World Asset Management Inc now owns 11,987 shares of the company’s stock valued at $221,000 after buying an additional 120 shares during the last quarter. Finally, Advance Capital I Inc. purchased a new position in Jabil Circuit during the second quarter valued at $242,000. Institutional investors own 89.92% of the company’s stock.
Jabil Circuit Company Profile
Jabil Circuit, Inc provides electronic manufacturing services and solutions. The Company provides electronic design, production and product management services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications and wearable technology industries.
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