Needham & Company Reiterates a 'Buy' on Jabil Circuit (JBL); Remains A Stand-out Name
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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
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Needham & Company reiterates a 'Buy' on Jabil Circuit (NYSE: JBL) price target of $29.00.
Analyst, Sean K.F. Hannan, said, "Overall, JBL remains a stand-out name among our EMS coverage. While most underlying markets remain low-growth, JBL is executing on its strategy to drive a richer business mix that is less traditional assembly and higher value (with better growth characteristics and lower penetration, better margins and customer stickiness). Further aided by a strong pipeline of new program wins and a tangible path toward margin expansion, we expect double-digit earnings growth both in F12 and F13."
"F3Q now $4.30B in revs. and $0.65 ($0.57 incl. opt.), vs. prior $4.38B and $0.66 (~$0.58). Our F12 model still $17.4B & $2.60 (or, $2.28)."
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 $26.49 yesterday.
Analyst, Sean K.F. Hannan, said, "Overall, JBL remains a stand-out name among our EMS coverage. While most underlying markets remain low-growth, JBL is executing on its strategy to drive a richer business mix that is less traditional assembly and higher value (with better growth characteristics and lower penetration, better margins and customer stickiness). Further aided by a strong pipeline of new program wins and a tangible path toward margin expansion, we expect double-digit earnings growth both in F12 and F13."
"F3Q now $4.30B in revs. and $0.65 ($0.57 incl. opt.), vs. prior $4.38B and $0.66 (~$0.58). Our F12 model still $17.4B & $2.60 (or, $2.28)."
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 $26.49 yesterday.
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