Brokerage firm Goldman Sachs Downgrades its rating on Jabil Circuit(NYSE:JBL). In a research note issued to the investors, the brokerage major Lowers the price-target to $17.00 per share. The shares have been rated Sell. Previously, the analysts had a Neutral rating on the shares. The rating by Goldman Sachs was issued on Jun 7, 2016.
In a different note, On Mar 18, 2016, Argus Research said it Downgrades its rating on Jabil Circuit. The shares have been rated ‘Hold’ by the firm. On Mar 17, 2016, Citigroup said it Maintains its rating on Jabil Circuit. In the research note, the firm Lowers the price-target to $19.00 per share. The shares have been rated ‘Sell’ by the firm. On Mar 17, 2016, B. Riley said it Maintains its rating on Jabil Circuit. In the research note, the firm Lowers the price-target to $30.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 17, 2016, RBC Capital said it Maintains its rating on Jabil Circuit. In the research note, the firm Lowers the price-target to $23.00 per share. The shares have been rated ‘Sector Perform’ by the firm.
Jabil Circuit (JBL) shares turned negative on Fridays trading session with the shares closing down -0.24 points or -1.26% at a volume of 33,85,655. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.07. The peak price level was also seen at $19.07 while the days lowest was $18.75. Finally the shares closed at $18.86. The 52-week high of the shares is $26 while the 52-week low is $16.78. According to the latest information available, the market cap of the company is $3,606 M.
Jabil Circuit(JBL) last announced its earnings results on Mar 16, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $4.40B. Analysts had an estimated revenue of $4.50B. Earnings per share were $0.57. Analysts had estimated an EPS of $0.60.
Several Insider Transactions has been reported to the SEC. On Mar 4, 2016, Sergio Cadavid (SVP, Treasurer) sold 3,098 shares at $21.50 per share price.Also, On Dec 7, 2015, Michael J Loparco (EVP, CEO High Velocity, I&E) sold 2,500 shares at $25.95 per share price.On Dec 2, 2015, Thomas A Sansone (director) sold 25,000 shares at $25.75 per share price, according to the Form-4 filing with the securities and exchange commission.
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.