Jabil Circuit Rating Reiterated by Deutsche Bank (JBL)
Jabil Circuit (NYSE:JBL)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank in a research report issued on Thursday, Stock Ratings Network reports.
Several other analysts have also recently commented on the stock. Analysts at Needham & Company upgraded shares of Jabil Circuit (NYSE:JBL) from a “buy” rating to a “strong-buy” rating in a research note to investors on Wednesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Jabil Circuit (NYSE:JBL) in a research note to investors on Tuesday, September 17th. They now have a $25.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Jabil Circuit (NYSE:JBL) from $25.00 to $28.00 in a research note to investors on Tuesday, September 10th. They now have a “strong-buy” rating on the stock. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $25.29.
Jabil Circuit (NYSE:JBL) traded down 7.50% on Thursday, hitting $22.20. 5,763,692 shares of the company’s stock traded hands. Jabil Circuit has a 52-week low of $16.39 and a 52-week high of $24.32. The stock has a 50-day moving average of $23.42 and a 200-day moving average of $20.. The company has a market cap of $4.499 billion and a price-to-earnings ratio of 15.20.
Jabil Circuit (NYSE:JBL) last issued its quarterly earnings data on Wednesday, September 25th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.02. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter last year, the company posted $0.54 earnings per share. Jabil Circuit’s revenue was up 11.0% compared to the same quarter last year. Analysts expect that Jabil Circuit will post $2.24 EPS for the current fiscal year.
Jabil Circuit, Inc (NYSE:JBL), is a providers of worldwide electronic manufacturing services and solutions.
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