Will Investors Now Sell Jabil

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Jabil Circuit (NYSE:JBL) Receives a Downgrade

In a very recent research note finalized on Wednesday, 9 December, Stifel announced that they will be downgrading shares of Jabil Circuit (NYSE:JBL) from a Buy to a Hold rating.

From a total of 10 analysts covering Jabil Circuit (NYSE:JBL) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $30 while the lowest target price is $21. The mean of all analyst targets is $25.7 with a -2.61% below today’s ($25.67) stock price. Jabil Circuit was the topic of 4 analyst reports since August 27, 2015 according to the firm StockzIntelligence Inc. B. Riley & Co initiated shares on October 9 with “Buy” rating. UBS downgraded JBL stock in a recent report from September 9 to “Neutral” rating.

The stock closed the day at $25.67 during the previous session. It is down 12.15% since May 6, 2015 and is uptrending. It has outperformed by 12.94% the S&P500.

Analysts await Jabil Circuit, Inc. (NYSE:JBL) to reports earnings on December, 16. They expect $0.70 EPS, up 52.17% or $0.24 from last year’s $0.46 per share. JBL’s profit will be $132.53M for 9.17 P/E if the $0.70 EPS becomes reality. After $0.48 actual EPS reported by Jabil Circuit, Inc. for the previous quarter, Wall Street now forecasts 45.83% EPS growth.

The overall sentiment of institutions has increased to 1.08 in Q2 2015. Its up 0.11, from 0.97 in 2015Q2. The ratio is positive, as 39 institutions have sold all the shares of Jabil Circuit, Inc. that they owned while 109 funds have taken shares off the table. 43 funds have purchased shares for the first time while 117 added to their positions. These institutions now hold 178.66 million shares or 0.29% less than the 179.18 million shares they owned in 2015Q2.

The Fund Texas Yale Capital Corp. currently is holding shares equating to 19.74% of its total portfolio in Jabil Circuit, Inc. representing a total of 9.58 million shares. Another fund,Wilsey Asset Management Inc, is holding a total of 373,349 shares equating to 6.45% of their holdings. Additionally, Jasper Ridge Partners L.P. has a 2.23 million share stake in Jabil Circuit, Inc. which represents 3.73% of their total portfolio. The Fund, Elm Ridge Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 3.01% of their total portfolio. Finally Fairpointe Capital Llc, a fund which is based in the state of Illinois reported a total holdings of 7.60 million shares.

Insider activity is a very important aspect to track on any stock. Going back to March 19, 2015, shareholders of Jabil Circuit, Inc. have witnessed 0 insider purchases, and a total of 2 sales equating to a net activity of approximately $399,034 . Paver Robert L sold 7,395 shares worth approximately $169,034. Mondello Mark T sold 10,000 shares worth approximately $230,000. Muir William D Jr sold 30,000 shares worth approximately $736,800. Loparco Michael J sold 2,790 shares worth approximately $69,540. The company insider Parimbelli Alessandro sold 26,807 shares worth $662,133.

Jabil Circuit, Inc. provides electronic manufacturing services and solutions. The company has a market cap of $4.86 billion. The Firm provides electronic design, production and product management services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications and wearable technology industries. It has 17.2 P/E ratio. The Company’s operating divisions include Electronics Manufacturing Services and Diversified Manufacturing Services (DMS).

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.” Get a free copy of the Zacks research report on Jabil Circuit, Inc. (JBL).

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