Jabil Circuit (JBL): Multiple Should Expand On $3 FY19 EPS - UBS

September 28, 2016 8:24 AM EDT
Get Alerts JBL Hot Sheet
Price: $21.68 -0.23%

Rating Summary:
    7 Buy, 6 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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UBS analyst, Steve Milunovich, reiterated his Buy rating on shares of Jabil Circuit (NYSE: JBL) along with a price target of $27. Jabil hosted its first analyst meeting in four years, laying out financial targets for F19.

The analyst believes Flex and now Jabil should warrant a higher multiple as investors appreciate customer diversification, higher margins, increased free cash flow, likely better Apple revenue, and a broadening customer base.

Guidance for non-GAAP EPS of $3.00 in F19 is believable and supports a price target of $27 in the next year.

For an analyst ratings summary and ratings history on Jabil Circuit click here. For more ratings news on Jabil Circuit click here.

Shares of Jabil Circuit closed at $21.92 yesterday.

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