Jabil Circuit (NYSE:JBL) : 7 investment research analysts covering Jabil Circuit (NYSE: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 Inc. has lost 7.19% in the last five trading days and dropped 4.79% in the last 4 weeks. Jabil Circuit Inc. has dropped 3.35% during the last 3-month period . Year-to-Date the stock performance stands at -20%. Also, Major Brokerage house, Deutsche Bank maintains its ratings on Jabil Circuit (NYSE:JBL). In the latest research report, Deutsche Bank lowers the target price from $21 per share to $18 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on June 16, 2016.
Jabil Circuit (NYSE:JBL) has an average broker rating of 2.29, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.
Jabil Circuit (NYSE:JBL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.89 and $17.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.47, notching a gain of 3.76% for the day. The total traded volume was 3,602,236 . The stock had closed at $17.80 on the previous day.
In an insider trading activity,The officer (SVP, Treasurer) of Jabil Circuit Inc, Cadavid Sergio sold 3,098 shares at $21.5 on March 2, 2016. The Insider selling transaction had a total value worth of $66,607. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.