Raymond James analyst Adam Tindle reiterated a Buy rating on Jabil Circuit (NYSE:JBL) on Thursday, setting a price target of $66, which is approximately 16.69% above the present share price of $56.56.
Tindle expects Jabil Circuit to post earnings per share (EPS) of $1.01 for the second quarter of 2021.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Jabil Circuit, with an average price target of $66.
The analysts price targets range from a high of $66 to a low of $66.
In its latest earnings report, released on 02/28/2021, the company reported a quarterly revenue of $6.83 billion and a net profit of $242.98 million. The company's market cap is $8.42 billion.
According to TipRanks.com, Raymond James analyst Adam Tindle is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.5% and a 53.59% success rate.
Jabil, Inc. engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries. The firm operates through the following segments: Electronics Manufacturing Services and Diversified Manufacturing Services. The Electronics Manufacturing Services segment focuses around leveraging IT; supply chain design and engineering; and technologies largely centered on core electronics. The Diversified Manufacturing Services segment provides engineering solutions, with an emphasis on material sciences and technologies. The company was founded by William E. Morean and James Golden in 1966 and is headquartered in St. Petersburg, FL.