Stock of the Day: Could Jabil Circuit, Inc. Change Direction After Today’s Big Decline?

Stock of the Day: Could Jabil Circuit, Inc. Change Direction After Today's Big Decline?

The stock of Jabil Circuit, Inc. (NYSE:JBL) is a huge mover today! About 3.43 million shares traded hands or 111.73% up from the average. Jabil Circuit, Inc. (NYSE:JBL) has risen 19.00% since April 14, 2016 and is uptrending. It has outperformed by 14.31% the S&P500.
The move comes after 6 months negative chart setup for the $3.78 billion company. It was reported on Nov, 16 by Barchart.com. We have $19.61 PT which if reached, will make NYSE:JBL worth $189.00 million less.

Jabil Circuit, Inc. (NYSE:JBL) Ratings Coverage

Out of 12 analysts covering Jabil Circuit (NYSE:JBL), 4 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 33% are positive. Jabil Circuit has been the topic of 26 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Needham on Thursday, September 22. The rating was upgraded by Goldman Sachs on Tuesday, September 20 to “Neutral”. The rating was maintained by B. Riley & Co on Thursday, March 17 with “Buy”. Raymond James upgraded the stock to “Strong Buy” rating in Friday, July 15 report. The company was maintained on Thursday, December 17 by UBS. Argus Research maintained the shares of JBL in a report on Tuesday, December 22 with “Buy” rating. The rating was maintained by RBC Capital Markets on Thursday, March 17 with “Sector Perform”. The company was downgraded on Friday, March 18 by Argus Research. The company was downgraded on Wednesday, September 9 by UBS. The firm has “Buy” rating by Briley given on Monday, September 19.

According to Zacks Investment Research, “Jabil Circuit, Inc. is a worldwide independent provider of electronic manufacturing services. It designs and manufactures electronic circuit board assemblies and systems for major original equipment manufacturers in the communications, computer peripherals, personal computer, automotive and consumer products industries. It serves its original equipment manufacturer customers with dedicated work cell business units that combine high volume, highly automated continuous flow manufacturing with advanced electronic design and design for manufacturability technologies.”

Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 0.24, from 1.07 in 2016Q1. The ratio dropped, as 53 funds sold all Jabil Circuit, Inc. shares owned while 104 reduced positions. 33 funds bought stakes while 97 increased positions. They now own 169.60 million shares or 4.07% less from 176.79 million shares in 2016Q1.
D E Shaw holds 0.02% of its portfolio in Jabil Circuit, Inc. (NYSE:JBL) for 594,507 shares. Primecap Management Ca has 4.26 million shares for 0.08% of their US portfolio. Dreman Value L L C accumulated 28,386 shares or 0.32% of the stock. Asset Management last reported 11,987 shares in the company. Pub Employees Retirement Association Of Colorado holds 38,298 shares or 0.01% of its portfolio. Aviva Plc last reported 0.01% of its portfolio in the stock. Parametric Assoc Ltd Liability Company accumulated 0.02% or 704,852 shares. Washington Fincl Bank holds 3,856 shares or 0.02% of its portfolio. First Limited Partnership last reported 664,902 shares in the company. Advantus Capital Mngmt Inc accumulated 0.01% or 23,155 shares. Allianz Asset Mngmt Ag holds 1.58M shares or 0.02% of its portfolio. Diligent Invsts Ltd holds 0.18% or 10,500 shares in its portfolio. Cap Fund Mngmt last reported 0.03% of its portfolio in the stock. Blackrock Institutional Trust Na owns 5.82 million shares or 0.02% of their US portfolio. Moreover, Nuveen Asset Mngmt Ltd Liability has 0.06% invested in Jabil Circuit, Inc. (NYSE:JBL) for 490,054 shares.

Insider Transactions: Since July 26, 2016, the stock had 0 insider purchases, and 6 sales for $901,873 net activity. Loparco Michael J sold 2,000 shares worth $45,800. $465,000 worth of shares were sold by PETERS WILLIAM E on Monday, September 19. 10,000 shares were sold by MONDELLO MARK T, worth $230,000. $16,148 worth of shares were sold by Cadavid Sergio on Thursday, September 15.

More news for Jabil Circuit, Inc. (NYSE:JBL) were recently published by: Nasdaq.com, which released: “Jabil Circuit, Inc. (JBL) Ex-Dividend Date Scheduled for November 10, 2016” on November 09, 2016. Investorplace.com‘s article titled: “3 Reasons Jabil Circuit, Inc. Is a Great Value Stock (JBL)” and published on October 25, 2016 is yet another important article.

JBL Company Profile

Jabil circuit, Inc., incorporated on February 21, 1992, which provides electronic manufacturing services and solutions throughout the world. The Firm operates in two divisions, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Firm provides electronic design, production and product management services to companies in the automotive, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, emerging growth, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale and printing industries. The Firm serves its clients primarily with business units that combine automated, continuous flow manufacturing with electronic design and design for manufacturability.

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