Jabil Circuit Price Target Cut to $27.00 by Analysts at Raymond James (JBL)
Raymond James lowered their price target on shares of Jabil Circuit (NYSE:JBL) from $28.00 to $27.00 in a research note issued on Friday, ARN reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ price objective suggests a potential upside of 26.05% from the company’s current price.
A number of other firms have also recently commented on JBL. Analysts at Scotiabank cut their price target on shares of Jabil Circuit (NYSE:JBL) from $27.80 to $26.10 in a research note to investors on Thursday. Separately, analysts at RBC Capital cut their price target on shares of Jabil Circuit (NYSE:JBL) from $25.00 to $24.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Jabil Circuit (NYSE:JBL) in a research note to investors on Thursday. Four analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Jabil Circuit presently has a consensus rating of “Buy” and an average price target of $25.11.
Shares of Jabil Circuit (NYSE:JBL) traded down 0.93% on Friday, hitting $21.42. The stock had a trading volume of 3,262,488 shares. Jabil Circuit has a 52-week low of $16.39 and a 52-week high of $24.32. The stock’s 50-day moving average is $23.32 and its 200-day moving average is $20.65. The company has a market cap of $4.341 billion and a P/E ratio of 13.69. Jabil Circuit also was the target of some unusual options trading activity on Thursday. Stock investors bought 10,119 put options on the stock. This is an increase of approximately 562% compared to the average daily volume of 1,528 put options.
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. On average, analysts predict that Jabil Circuit will post $2.65 earnings per share for the current fiscal year.
Jabil Circuit, Inc (NYSE:JBL), is a providers of worldwide electronic manufacturing services and solutions.
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