Needham & Company Reiterates a 'Strong Buy' on Jabil Circuit (JBL); The Best Name Today In EMS
Tweet
Share
E-mailGet Alerts JBL Hot Sheet
Price: $363.10 -1.94%
Rating Summary:
15 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Needham & Company reiterates a 'Strong Buy' on Jabil Circuit (NYSE: JBL) price target of $26.00.
Needham analyst says, "Overall, JBL continues to stand out from its EMS peers while its non-traditional DMS business drives the model. Specifically in DMS, we expect further traction in its Materials Tech as much of the consumer (and eventually other) markets migrate toward similar material characteristics in product offerings. In the broader picture, outsourcing trends remain generally favorable in a sluggish macro environment, positive mix shifts are underway, and visibility for the company appears fairly solid at present."
"Adjusting Estimates. F2Q becomes $4.1B in revs. and $0.57 (ex. ~$0.08 of opt.), vs. prior $4.20B and $0.60. For F12, model now $17.4B and $2.60, vs. our prior $17.6B and $2.60."
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 $19.95 yesterday.
Needham analyst says, "Overall, JBL continues to stand out from its EMS peers while its non-traditional DMS business drives the model. Specifically in DMS, we expect further traction in its Materials Tech as much of the consumer (and eventually other) markets migrate toward similar material characteristics in product offerings. In the broader picture, outsourcing trends remain generally favorable in a sluggish macro environment, positive mix shifts are underway, and visibility for the company appears fairly solid at present."
"Adjusting Estimates. F2Q becomes $4.1B in revs. and $0.57 (ex. ~$0.08 of opt.), vs. prior $4.20B and $0.60. For F12, model now $17.4B and $2.60, vs. our prior $17.6B and $2.60."
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 $19.95 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Coherent (COHR) PT Raised to $420 at Needham
- Cellebrite (CLBT) PT Lowered to $12.50 at Needham
- Veritone (VERI) PT Lowered to $5 at Needham
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
