|Over a week ago|
Jabil price target raised to $38 from $35 at RBC Capital » 09:1509/2509/25/20
RBC Capital analyst…
RBC Capital analyst Robert Muller raised the firm's price target on Jabil to $38 from $35 but keeps a Sector Perform rating on the shares after its Q4 earnings beat and guidance. The company's operating margins and earnings view highlights its better than expected resiliency and faster utilization improvement following the initial COVID-slowdowns, the analyst tells investors in a research note. Muller adds that the recent trends in mobility will help support its earnings exiting 2020, but he is concerned with competition for short-term contracts and Jabil's "low" pricing power.
Jabil price target raised to $50 from $45 at Citi » 05:4809/2509/25/20
Citi analyst Jim Suva…
Citi analyst Jim Suva raised the firm's price target on Jabil to $50 from $45 and keeps a Buy rating on the shares following the company's August quarter results. The $4.00 earnings per share target shows Jabil's "resiliency" with diversified end exposure in an uncertain environment, which creates "valuation expansion opportunities for the stock," Suva tells investors in a research note.
Jabil sees Q1 core EPS $1.15-$1.35, consensus 99c » 08:0409/2409/24/20
Sees Q1 revenue…
Sees Q1 revenue $6.7B-$7.3B, consensus $7.25B. "As we exit FY20 and look ahead, I am excited with the momentum underway in our business," said CFO Mike Dastoor. "Several of our key businesses remain especially strong including Mobility, Healthcare and Cloud. At the same time, we're permanently transitioning certain components we procure in our EMS segment from the current purchase-and-resale model to a consignment service model," he added.
Jabil reports Q4 core EPS 98c, consensus 66c » 08:0209/2409/24/20
Reports Q4 revenue $7.3B,…
Reports Q4 revenue $7.3B, consensus $6.29B. "I'm thrilled with our ability to deliver such strong financial results to close out FY20," said CEO Mark Mondello. "Over the past several years, we've strategically positioned Jabil in attractive end-markets, while building the most desired products and serving the world's most successful brands. At the same time, we've streamlined the organization, creating a more optimized cost structure. These collective efforts allowed us to beat expectations in the fourth quarter, despite the various complexities brought about by the global pandemic," he added.
|Over a month ago|
Citi boosts Jabil target to $45 from $40, adds 'Catalyst Watch' » 06:1609/1809/18/20
Citi analyst Jim Suva…
Citi analyst Jim Suva raised the firm's price target on Jabil (JBL) to $45 from $40 and keeps a Buy rating on the shares ahead of the company's results on September 24. The analyst also added a "Catalyst Watch" on Jabil, seeing upside to the company's revenue driven by Apple (AAPL) products holiday season ramping. Jabil produces components for Watch, iPad, Airpods and iPhone, Suva tells investors in a research note. Further, checks suggest mmWave 5G iPhone would need additional casing tool time for small holes to accommodate additional antennas, which could be a positive for Jabil should Apple launch mmWave iPhones, adds the analyst.
Jabil promotes May Yap to Chief Information Officer » 08:3309/1609/16/20
Jabil is announcing the…
Jabil is announcing the promotion of May Yap to Senior Vice President and Chief Information Officer. She succeeds Gary Cantrell, who recently retired. In her new role, May will be responsible for driving end-to-end technology services and solutions, developing and executing technology applications in support of business growth and coordinating digital initiatives across the Jabil enterprise.
|Over a quarter ago|
Jabil files automatic mixed securities shelf 16:1007/1707/17/20
Jabil price target raised to $43 from $40 at JPMorgan » 08:1107/1707/17/20
JPMorgan analyst Paul…
JPMorgan analyst Paul Coster raised the firm's price target on Jabil to $43 from $40 and reiterates an Overweight rating on the shares. Based on conversations with management and evidence of a "demand-led nascent recovery from the depths of the pandemic shock," the analyst increased Jabil's fiscal 2021 estimates slightly.
Fly Intel: Top five analyst upgrades » 10:0907/1607/16/20
JBL, WAT, CTSH, DELL, HOG
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Jabil (JBL) upgraded to Buy from Neutral at Goldman Sachs with analyst Mark Delaney saying the company should generate "more sustainable" revenue growth and returns on invested capital due to improved end market exposure and cyclical factors. 2. Waters (WAT) upgraded to Equal Weight from Underweight at Wells Fargo with analyst Dan Leonard saying he believes the company's pick of Udit Batra as its new CEO is a home run and his industry experience and technical background make him uniquely well suited to the role, and well versed in Waters' markets, products and opportunities. 3. Cognizant (CTSH) was upgraded to Outperform from Neutral at Wedbush and to Outperform from Market Perform at BMO Capital. 4. Dell Technologies (DELL) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Katy Huberty saying the company and VMware (VMW) each issued statements that they are considering a spinoff by Dell of its VMWare stake. 5. Harley-Davidson (HOG) upgraded to Outperform from Neutral at Wedbush with analyst James Hardiman saying the company's potential demand drivers and margin opportunities are now "extremely compelling." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Jabil upgraded to Buy from Neutral at Goldman Sachs » 22:0507/1507/15/20
Goldman Sachs analyst…
Goldman Sachs analyst Mark Delaney upgraded Jabil to Buy from Neutral with a price target of $40, up from $36. The company should generate "more sustainable" revenue growth and returns on invested capital due to improved end market exposure and cyclical factors, Delaney tells investors in a research note. Further, Jabil could benefit from the shift toward onshoring and regionalization of supply chains due to its "balanced global footprint," adds the analyst. Delaney views the stock's current valuation as attractive and sees 20% upside.