Zacks Reiterates Neutral Rating for Jabil Circuit (JBL)
Jabil Circuit (NYSE:JBL)‘s stock had its “neutral” rating restated by Zacks in a note issued to investors on Wednesday. They currently have a $21.00 target price on the stock. Zacks‘s price target indicates a potential upside of 4.90% from the stock’s previous close.
A number of other analysts have also recently weighed in on JBL. Analysts at Goldman Sachs downgraded shares of Jabil Circuit from a “conviction-buy” rating to a “buy” rating in a research note on Thursday, July 24th. Separately, analysts at Scotiabank upgraded shares of Jabil Circuit from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 22nd. Finally, analysts at Citigroup Inc. reiterated a “sell” rating on shares of Jabil Circuit in a research note on Thursday, June 19th. They now have a $16.50 price target on the stock, up previously from $15.00. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $20.58.
In other Jabil Circuit news, Director Timothy L. Main sold 15,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $19.82, for a total value of $297,300.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Jabil Circuit (NYSE:JBL) traded up 0.80% on Wednesday, hitting $20.18. The stock had a trading volume of 511,240 shares. Jabil Circuit has a 1-year low of $15.30 and a 1-year high of $24.32. The stock’s 50-day moving average is $20.65 and its 200-day moving average is $18.82. The company has a market cap of $4.033 billion and a P/E ratio of 10.48.
Jabil Circuit (NYSE:JBL) last issued its quarterly earnings data on Wednesday, June 18th. The company reported ($0.06) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.09) by $0.03. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter last year, the company posted $0.56 earnings per share. Jabil Circuit’s revenue was down 9.8% compared to the same quarter last year. On average, analysts predict that Jabil Circuit will post $0.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Wednesday, August 13th.
Jabil Circuit, Inc (NYSE:JBL) is a providers of worldwide electronic manufacturing services and solutions.
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