Jabil Circuit Inc. (NYSE:JBL)’s share price was up 5.5% during mid-day trading on Friday . The stock traded as high as $20.64 and last traded at $20.50, with a volume of 3,247,457 shares traded. The stock had previously closed at $19.44.

Several equities analysts recently issued reports on JBL shares. B. Riley restated a “buy” rating and set a $26.00 price objective on shares of Jabil Circuit in a research note on Saturday, March 19th. Needham & Company LLC dropped their target price on Jabil Circuit from $29.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, March 17th. UBS AG dropped 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. Bank of America Corp. reaffirmed a “buy” rating on shares of Jabil Circuit in a research report on Thursday, June 16th. Finally, Goldman Sachs Group Inc. reissued a “hold” rating and set a $19.00 price target on shares of Jabil Circuit in a report on Friday, March 18th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $31.45.

The stock has a market capitalization of $3.92 billion and a P/E ratio of 13.090. The firm has a 50 day moving average price of $18.82 and a 200-day moving average price of $19.27.

Jabil Circuit (NYSE:JBL) last released its quarterly earnings data on Wednesday, June 15th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. During the same period in the previous year, the company earned $0.49 EPS. The company earned $4.30 billion during the quarter. The company’s revenue was down 1.1% compared to the same quarter last year. On average, analysts anticipate that Jabil Circuit Inc. will post $1.83 earnings per share for the current fiscal year.

Other large investors recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Jabil Circuit by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 13,081,648 shares of the company’s stock worth $304,671,000 after buying an additional 298,064 shares in the last quarter. Boston Partners boosted its position in Jabil Circuit by 6.4% in the fourth quarter. Boston Partners now owns 12,514,745 shares of the company’s stock worth $291,468,000 after buying an additional 754,261 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Jabil Circuit by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,551,365 shares of the company’s stock worth $106,006,000 after buying an additional 218,059 shares during the last quarter. Wells Fargo & Company MN boosted its position in Jabil Circuit by 45.6% in the fourth quarter. Wells Fargo & Company MN now owns 3,170,478 shares of the company’s stock worth $73,839,000 after buying an additional 993,512 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in Jabil Circuit by 265.0% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 1,063,062 shares of the company’s stock worth $24,758,000 after buying an additional 771,824 shares during the last quarter.

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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