Jabil Circuit Inc. (NYSE:JBL) had its price objective raised by stock analysts at Deutsche Bank AG from $18.00 to $20.00 in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s price objective suggests a potential downside of 15.72% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Citigroup Inc. upped their price target on shares of Jabil Circuit from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday. Needham & Company LLC cut shares of Jabil Circuit from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank Of Canada upped their price target on shares of Jabil Circuit from $20.00 to $23.00 and gave the company a “sector perform” rating in a research report on Thursday. Bank of America Corp. set a $24.00 price target on shares of Jabil Circuit and gave the company a “buy” rating in a research report on Tuesday. Finally, Goldman Sachs Group Inc. upgraded shares of Jabil Circuit from a “sell” rating to a “neutral” rating and upped their price target for the company from $16.00 to $21.00 in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $31.92.

Analyst Recommendations for Jabil Circuit (NYSE:JBL)

Jabil Circuit (NYSE:JBL) traded down 4.93% during midday trading on Thursday, reaching $22.56. 2,413,993 shares of the company traded hands. The company has a 50 day moving average of $21.27 and a 200-day moving average of $19.49. Jabil Circuit has a 12-month low of $16.78 and a 12-month high of $26.00. The stock has a market capitalization of $4.31 billion, a P/E ratio of 14.39 and a beta of 0.87.

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Jabil Circuit (NYSE:JBL) last announced its quarterly earnings results on Wednesday, September 21st. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. Jabil Circuit had a net margin of 1.63% and a return on equity of 14.04%. The firm earned $4.40 billion during the quarter. During the same quarter last year, the company posted $0.53 earnings per share. The company’s revenue was down 6.0% compared to the same quarter last year. Equities analysts anticipate that Jabil Circuit will post $1.83 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, August 11th. Jabil Circuit’s dividend payout ratio (DPR) is 20.38%.

In other Jabil Circuit news, CEO Michael J. Loparco sold 5,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $20.23, for a total value of $101,150.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President William E. Peters sold 20,000 shares of the firm’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $23.25, for a total transaction of $465,000.00. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantitative Systematic Strategies LLC acquired a new position in Jabil Circuit during the second quarter worth $181,000. Calvert Investment Management Inc. acquired a new position in Jabil Circuit during the second quarter worth $201,000. LS Investment Advisors LLC raised its position in Jabil Circuit by 71.2% in the second quarter. LS Investment Advisors LLC now owns 11,551 shares of the company’s stock worth $213,000 after buying an additional 4,802 shares during the period. LPL Financial LLC raised its position in Jabil Circuit by 22.8% in the first quarter. LPL Financial LLC now owns 11,912 shares of the company’s stock worth $222,000 after buying an additional 2,209 shares during the period. Finally, World Asset Management Inc raised its position in Jabil Circuit by 1.0% in the second quarter. World Asset Management Inc now owns 11,987 shares of the company’s stock worth $221,000 after buying an additional 120 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Circuit Company Profile

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.

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