Needham & Company Reiterates a 'Buy' on Jabil Circuit (JBL); Analyst Reaffirms L-T Growth Story
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Price: $19.21 -1.79%
Rating Summary:
6 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
6 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Needham & Company reiterates a 'Buy' on Jabil Circuit (NYSE: JBL), PT $29.
Analyst, Sean K.F. Hannan, said, "JBL continues to differentiate itself from the rest of our EMS universe through its crisp execution driving a richer mix of value-added business that is less focused on traditional electronics assembly. We also expect the company to keep up its new program momentum as it builds a more diversified customer base that should yield double-digit earnings growth both in F12 and F13...We maintain our prior F3Q of $4.30B in revs. and $0.65 ($0.57 incl. opt.) and 2012 estimate of $17.4B & $2.60 (or, $2.28), and we view our estimates as conservative."
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 $22.86 yesterday, with a 52 week range of $13.94-$27.40.
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Analyst, Sean K.F. Hannan, said, "JBL continues to differentiate itself from the rest of our EMS universe through its crisp execution driving a richer mix of value-added business that is less focused on traditional electronics assembly. We also expect the company to keep up its new program momentum as it builds a more diversified customer base that should yield double-digit earnings growth both in F12 and F13...We maintain our prior F3Q of $4.30B in revs. and $0.65 ($0.57 incl. opt.) and 2012 estimate of $17.4B & $2.60 (or, $2.28), and we view our estimates as conservative."
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 $22.86 yesterday, with a 52 week range of $13.94-$27.40.
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