Jabil Circuit, Inc. (NYSE:JBL) has been downgraded to Hold in a statement by Needham & Company LLC earlier today.
- Updated: September 24, 2016
Needham & Company LLC has downgraded Jabil Circuit, Inc. (NYSE:JBL) to Hold in a statement released on 9/22/2016.
On 09/21/2016, UBS released a statement for Jabil Circuit, Inc. (NYSE:JBL) bumped up the target price from $20.00 to $27.00 that suggested an upside of 0.17%.
Boasting a price of $23.73, Jabil Circuit, Inc. (NYSE:JBL) traded -2.28% lower on the day. With the last stock price close up 12.19% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Jabil Circuit, Inc. has recorded a 50-day average of $21.38 and a two hundred day average of $19.51. Volume of trade was up over the average, with 3,723,690 shares of JBL changing hands over the typical 2,144,860
With a total market value of $0, Jabil Circuit, Inc. has price-earnings ratio of 16.58 with a one year low of $16.78 and a one year high of $26.00 .
A total of 10 equity analysts have released a research note on JBL. Two equity analysts rating the company a strong buy, three equity analysts rating the company a buy, six equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $22.10.
Brief Synopsis About Jabil Circuit, Inc. (NYSE:JBL)
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. The Company's operating segments include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The EMS segment is focused around leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics. The DMS segment is focused on providing engineering solutions, heavy participation in consumer markets, access to higher growth markets and a focus on material sciences and technologies.
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