Standpoint Research upgraded Jabil Circuit (NYSE:JBL) from Hold to Buy in a report released today.
- Updated: November 27, 2016
Standpoint Research has upgraded Jabil Circuit (NYSE:JBL) from Hold to Buy in a report released on 11/22/2016.
On 2/11/2016, Citigroup released a statement on Jabil Circuit (NYSE:JBL) dropped the target price from $22.00 to $19.00. At the time, this indicated a possible upside of 0.00%.
Yesterday Jabil Circuit (NYSE:JBL) traded -0.46% lower at $20.43. Jabil Circuit’s 50-day average is $21.34 and its two hundred day average is $20.34. With the last stock price up 6.30% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the date range. Trading volume was down over the average, with 574,780 shares of JBL changing hands under the typical 2,062,100
With a total market value of $0, Jabil Circuit has PE ratio of 16.38 with a one year low of $16.78 and a one year high of $26.00 .
A total of 10 analysts have released a research note on the stock. 2 firms rating the stock a strong buy, 3 brokerages rating the stock a buy, 6 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally one analyst rating the company a sell with a 12-month price target of $22.10.
Brief Synopsis About Jabil Circuit (NYSE:JBL)
Jabil circuit, Inc. provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company's EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets. Its DMS segment is focused on providing engineering solutions and a focus on material sciences and technologies. It provides electronic design, production and product management services to companies in the automotive, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, emerging growth, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale and printing industries.
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