Jabil Inc.’s Stock Price Soars to $121.01, Marking a Robust 5.21% Uptick in Performance

Jabil Inc. (JBL)

121.01 USD +5.99 (+5.21%) Volume: 3.27M

Discover Jabil Inc.’s stock price performance, currently standing at 121.01 USD, experiencing a rise of +5.21% in today’s trading session with a trading volume of 3.27M. Despite a year-to-date decrease of -5.02%, JBL stock continues to be a notable player in the market.

Latest developments on Jabil Inc.

Jabil Circuit‘s stock price experienced a notable movement today following the news that a unit of BYD has acquired the company’s mobile parts business in China for $2.2 billion. This strategic move marks a significant development for Jabil Circuit, as it signals a shift in focus towards other business areas. Investors are closely monitoring the implications of this deal on the company’s future growth prospects and market position. The acquisition by BYD unit underscores the ongoing evolution of Jabil Circuit‘s business strategy and its efforts to adapt to changing market dynamics.

Jabil Inc. on Smartkarma

Analysts at Baptista Research have been closely following Jabil Circuit, a company that achieved approximately $6.8 billion in revenue in the second quarter of fiscal year 2024. This performance was in line with the majority of the company’s businesses, as reported in their research report titled “Jabil Inc.: What Are Its Latest Advancements In AI? – Major Drivers”. The analysts have a bullish outlook on the company’s latest advancements in AI and major drivers.

In another report by Baptista Research titled “Jabil Inc.: Can The Retronix Acquisition Be A Game Changer? – Major Drivers”, analysts highlighted that Jabil Inc. delivered mixed results for the previous quarter, with revenues below the analyst consensus. However, the company surpassed Wall Street’s earnings expectations, with core operating income reaching $499 million. Cash flows from operations amounted to $448 million, while net capital expenditures were $275 million, resulting in an adjusted free cash flow of $173 million. Despite the mixed results, the analysts maintain a bullish sentiment on Jabil Circuit, emphasizing the potential game-changing impact of the Retronix acquisition.

A look at Jabil Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Looking at the Smartkarma Smart Scores for Jabil Circuit, the company seems to have a promising long-term outlook. With a high score in Growth, Jabil Circuit is positioned well for future expansion and development. This indicates that the company is likely to experience significant growth in the coming years, which could lead to increased profitability and market share.

While Jabil Circuit also scores well in Resilience, indicating its ability to withstand economic challenges and market fluctuations, the lower scores in Dividend and Momentum suggest some areas for improvement. Overall, Jabil Circuit‘s strong focus on growth and resilience bodes well for its future success in the electronic manufacturing services industry.

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