Jabil Circuit Inc. (NYSE:JBL) has received an average recommendation of “Buy” from the sixteen ratings firms that are covering the firm. Nine investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $32.36.
A number of analysts have commented on JBL shares. Needham & Company LLC cut Jabil Circuit from a “buy” rating to a “hold” rating in a research report on Thursday, September 22nd. Bank of America Corp. restated a “buy” rating on shares of Jabil Circuit in a research report on Thursday, June 16th. B. Riley restated a “buy” rating and issued a $27.00 price target (up previously from $22.00) on shares of Jabil Circuit in a research report on Monday, September 19th. Citigroup Inc. upped their price target on Jabil Circuit from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, September 22nd. Finally, Argus restated a “hold” rating on shares of Jabil Circuit in a research report on Thursday, June 16th.
In other Jabil Circuit news, CEO Michael J. Loparco sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $21.90, for a total transaction of $43,800.00. Following the sale, the chief executive officer now directly owns 241,092 shares in the company, valued at $5,279,914.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President William E. Peters sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $23.25, for a total value of $465,000.00. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
A number of large investors have recently modified their holdings of JBL. State Street Corp increased its stake in shares of Jabil Circuit by 0.4% in the first quarter. State Street Corp now owns 6,957,106 shares of the company’s stock worth $134,060,000 after buying an additional 29,792 shares during the period. Eqis Capital Management Inc. increased its stake in shares of Jabil Circuit by 4.6% in the second quarter. Eqis Capital Management Inc. now owns 15,195 shares of the company’s stock worth $281,000 after buying an additional 673 shares during the period. Norges Bank acquired a new stake in shares of Jabil Circuit during the fourth quarter valued at $46,756,000. Deprince Race & Zollo Inc. acquired a new stake in shares of Jabil Circuit during the second quarter valued at $48,592,000. Finally, Aston Asset Management LLC increased its stake in shares of Jabil Circuit by 1.9% in the first quarter. Aston Asset Management LLC now owns 85,959 shares of the company’s stock valued at $1,656,000 after buying an additional 1,633 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.
Jabil Circuit (NYSE:JBL) last issued its quarterly earnings results on Wednesday, September 21st. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The business earned $4.40 billion during the quarter. Jabil Circuit had a return on equity of 12.22% and a net margin of 1.38%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS.
About Jabil Circuit
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.
Receive News & Ratings for Jabil Circuit Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil Circuit Inc. and related companies with MarketBeat.com's FREE daily email newsletter.