Jabil Circuit Inc. (JBL) Stock Price Up 5.5%
Jabil Circuit Inc. (NYSE:JBL)’s share price rose 5.5% on Friday . The stock traded as high as $20.64 and last traded at $20.50, with a volume of 3,247,457 shares trading hands. The stock had previously closed at $19.44.
JBL has been the topic of several recent analyst reports. 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. Royal Bank Of Canada restated a “hold” rating on shares of Jabil Circuit in a research note on Saturday, March 19th. Zacks Investment Research cut Jabil Circuit from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 22nd. Raymond James Financial Inc. reiterated an “outperform” rating and set a $21.00 target price (down from $24.00) on shares of Jabil Circuit in a research note on Thursday, April 28th. Finally, TheStreet cut Jabil Circuit to a “sell” rating in a research note on Thursday, May 26th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Jabil Circuit has an average rating of “Hold” and an average price target of $31.45.
The firm’s 50-day moving average price is $18.88 and its 200-day moving average price is $19.24. The company has a market capitalization of $3.93 billion and a price-to-earnings ratio of 13.12.
Jabil Circuit (NYSE:JBL) last released its earnings results on Wednesday, June 15th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company earned $4.30 billion during the quarter. The company’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share. On average, equities research analysts expect 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. California Public Employees Retirement System boosted its stake in Jabil Circuit by 5.2% in the fourth quarter. California Public Employees Retirement System now owns 688,415 shares of the company’s stock worth $16,033,000 after buying an additional 34,100 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Jabil Circuit by 754.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 74,380 shares of the company’s stock worth $1,732,000 after buying an additional 65,677 shares during the last quarter. Shell Asset Management Co. acquired a new position in shares of Jabil Circuit during the fourth quarter worth about $2,544,000. Comerica Bank increased its position in shares of Jabil Circuit by 17.7% in the fourth quarter. Comerica Bank now owns 160,064 shares of the company’s stock worth $3,175,000 after buying an additional 24,053 shares during the last quarter. Finally, Boston Partners increased its position in shares of 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.
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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