UBS Upgrades Jabil Circuit to Buy with Price Target $27.00

Brokerage firm UBS Upgrades its rating on Jabil Circuit(NYSE:JBL). In a research note issued to the investors, the brokerage major Raises the price-target to $27.00 per share. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by UBS was issued on Sep 21, 2016.

In a different note, On Jul 15, 2016, Raymond James said it Upgrades its rating on Jabil Circuit. The shares have been rated ‘Strong Buy’ by the firm.

Jabil Circuit (JBL) made into the market gainers list on Tuesdays trading session with the shares advancing 0.09% or 0.02 points. Due to strong positive momentum, the stock ended at $23.16, which is also near the day’s high of $23.81. The stock began the session at $23.81 and the volume stood at 24,47,656 shares. The 52-week high of the shares is $26 and the 52 week low is $16.78. The company has a current market capitalization of $4,426 M and it has 19,10,85,620 shares in outstanding.

Jabil Circuit(JBL) last announced its earnings results on Sep 21, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $4.43B. Analysts had an estimated revenue of $4.27B. Earnings per share were $0.28. Analysts had estimated an EPS of $0.25.

Several Insider Transactions has been reported to the SEC. On Sep 20, 2016, William E Peters (President) sold 20,000 shares at $23.25 per share price.Also, On Sep 20, 2016, Michael J Loparco (EVP, CEO, Engineered Solutions) sold 2,000 shares at $22.90 per share price.On Sep 20, 2016, Mark T Mondello (Chief Executive Officer) sold 10,000 shares at $23.00 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.

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