Jabil Circuit (NYSE:JBL) has been downgraded from Buy to Hold in a statement by Needham today.
- Updated: September 22, 2016
Just yesterday Jabil Circuit (NYSE:JBL) traded -4.72% lower at $22.40. Jabil Circuit’s 50-day moving average is $21.27 and its 200-day moving average is $19.49. The last closing price is up 16.00% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,662,269 shares of JBL traded, up from an avg. volume of 2,060,460
Needham has downgraded Jabil Circuit (NYSE:JBL) from Buy to Hold in a report released on 9/23/2016.
Previously on 9/22/2016, Standpoint Research reported on Jabil Circuit (NYSE:JBL) increased the target price from $0.00 to $26.00. At the time, this indicated a possible upside of 0.10%.
With a total market value of $0, Jabil Circuit has price-earnings ratio of 14.42 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 Jabil Circuit. 2 firms rating the company a strong buy, three brokers rating the stock a buy, 6 analysts rating the company a hold, 0 analysts rating the company a underperform, and finally 1 firm rating the stock a sell with a one year target of $22.10.
Brief Synopsis About Jabil Circuit (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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