Jabil Circuit (JBL) : Traders are bullish on Jabil Circuit (JBL) as it has outperformed the S&P 500 by a wide margin of 7.77% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.39%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.82% in the last 1 week, and is up 10.45% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Jabil Circuit (NYSE:JBL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.42 and $20.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.72, notching a gain of 1.92% for the day. The total traded volume was 1,552,954 . The stock had closed at $20.33 on the previous day.
The stock has recorded a 20-day Moving Average of 3.18% and the 50-Day Moving Average is 7.42%. Jabil Circuit Inc. is up 22.16% in the last 3-month period. Year-to-Date the stock performance stands at -10.25%.
Jabil Circuit (JBL) : The most positive equity analysts on Jabil Circuit (JBL) expects the shares to touch $26, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $22.14 with an expected fluctuation of $2.97 from the mean.
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.