Apple (APPL) Guidance Will Set Tone For Jabil Circuit (JBL)

Loading...
Loading...
Jabil Circuit, Inc.
JBL
stock has received a twelve month price target of $23.00 from UBS on Tuesday. UBS has a Neutral rating on the shares, citing that the stock got overbought in their view. UBS previously issued a Buy rating on the shares. The US based global manufacturing services company is is the third largest contract manufacturer in the world. Jabil has had its earnings estimates rise for both fiscal year 2016 and fiscal year 2017. Steven Milunovich of UBS commented on Jabil ahead of Jabil's Q1 Results. Milunovich noted that the guidance for February's dealer management system seasonality could be an important read-thru for the Apple business. The company develops exterior hardware casings for Apple
AAPL
Apple will be reporting its first-quarter fiscal 2016 earning results on Wednesday after the closing bell. For investors, buying more or holding on to AAPL shares would be a wise decision prior to receiving Wednesday's results. Jabil's average earnings per share estimate has surged 31 percent, from 61 cents a share to 80 cents, for the quarter that ended in November. At the same time, Jabil's average EPS estimate for the February quarter rose 15 percent. JBL shares are priced at only nine times fiscal 2016 estimates of $2.57 a share. For fiscal 2017, the company's average estimate currently stands at $2.80 a share, up from $2.58 at the start of the quarter. Jabil's average EPS estimate for the fiscal year is up 8 percent.
Loading...
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Long IdeasNewsShort IdeasPrice TargetInitiationAnalyst RatingsMoversTechTrading IdeasGeneral
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...