Jabil Circuit (JBL) : 7 analysts are covering Jabil Circuit (JBL) and their average rating on the stock is 2.29, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Jabil Circuit (JBL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Jabil Circuit (JBL) : 7 investment research analysts covering Jabil Circuit (JBL) have an average price target of $21.43 for the near short term. The highest target price given by the Brokerage Firm to the stock is $25 and the lowest target is $18 for the short term. Analysts expect the variance to be within $2.44 of the average price.
Jabil Circuit (NYSE:JBL): The stock opened at $17.99 on Wednesday but the bulls could not build on the opening and the stock topped out at $18.12 for the day. The stock traded down to $17.72 during the day, due to lack of any buying support eventually closed down at $18.07 with a loss of -0.33% for the day. The stock had closed at $18.13 on the previous day. The total traded volume was 2,583,691 shares.
Also, Brokerage firm Deutsche Bank maintains its rating on Jabil Circuit (NYSE:JBL). As per the latest information, the brokerage house lowers the price target to $18 per share from a prior target of $21. The shares have been rated Hold. The rating by the firm was issued on June 16, 2016. The company shares have dropped -10.56% from its 1 Year high price. On Dec 4, 2015, the shares registered one year high at $26.00 and the one year low was seen on May 13, 2016. The 50-Day Moving Average price is $18.59 and the 200 Day Moving Average price is recorded at $19.42.
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. The Companys operating segments include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The EMS segment is focused around leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics. The DMS segment is focused on providing engineering solutions, heavy participation in consumer markets, access to higher growth markets and a focus on material sciences and technologies.