RBC Capital analyst Amit Daryanani reiterated a Hold rating on Jabil Circuit (NYSE: JBL) today and set a price target of $25. Raymond James reaffirmed a buy rating on shares of Jabil Circuit in a report on Friday. The 12-month consensus target price for the stock is $25.2, which reflects an upside potential of 29.10% over the current price.
Jabil Circuit Inc. has dropped 6.79% in the last five trading days, however, the shares have posted positive gains of 7.07% in the last 4 weeks. The company reported fourth quarter net revenue of $4.7 billion and fiscal year net revenue of $17.9 billion.
Looking at the chart above, JBL’s low point in its 52 week range is $16.90 per share, with $24.95 as the 52 week high point – that compares with a last trade of $22.15. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08.
Other equities research analysts have also recently issued research reports about the company. Finally, Zacks upgraded Jabil Circuit from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Jabil Circuit, Inc. shares are now trading up about 14.4% on the day. 3 analysts have rated the company at hold. “Our strong cash generation provided us the financial flexibility to complete a number of strategic acquisitions, aggressively re-invest in the business and return approximately Dollars 150 million to shareholders via dividend and share repurchases”, he added.
Jail shares are up $1.70, or nearly 9%, at $21.20, in late trading. Jabil Circuit presently has an average rating of “Hold” and an average target price of $25.00. The ex-dividend date of this dividend was Wednesday, August 12th.
It’s expecting Electronics Manufacturing Services revenue to be consistent Y/Y, but a 33% increase in Diversified Manufacturing Services. Jabil provides electronics design, production and product management services to companies in the aerospace, automotive, computing, consumer, defense, industrial, instrumentation, medical, networking, peripherals, solar, storage and telecommunications industries. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The officer (Chief Operating Officer) of Jabil Circuit Inc, Muir William D Jr sold 30,000 shares at $24.56 on June 1, 2015. The services of the Company’s comprise integrated design and engineering; component selection, procurement and sourcing; design and execution of product testing; direct order fulfillment, systems construction and configure to order, and injection molding, metal, plastics, precision machining and automation.