Jabil Circuit (JBL) has an average broker rating of 2, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 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 3, which is also a Hold.
Jabil Circuit (JBL) : The consensus price target for Jabil Circuit (JBL) is $22.14 for the short term with a standard deviation of $2.97. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $26, however, the pessimist price target for the company is $18.
Also, Raymond James upgrades its rating on Jabil Circuit (NYSE:JBL). Analysts at the Raymond James have a current rating of Strong Buy on the shares. The shares were previously rated Outperform. The rating by the firm was issued on July 15, 2016.
Jabil Circuit (NYSE:JBL): After opening at $21.49, the stock dipped to an intraday low of $21.44 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $22.46 and the buying power remained strong till the end. The stock closed at $22.43 for the day, a gain of 4.67% for the day session. The total traded volume was 3,865,695. The stocks close on the previous trading day was $21.43.
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.