#6 - Jabil Inc. (NYSE:JBL)
Jabil Inc. (NYSE: JBL) - While many of the stocks on this list focus on what's inside the iPhone, Jabil produces the component on the outside, particularly the casing of the iPhone. Like some other Apple suppliers, Jabil's stock took a hit, dropping nearly 10% when sales from the iPhone disappointed in late 2017. However, the stock has rebounded from a 12-month low of $24.38 reached in February 2018 and is now trading at nearly $30 a share that would put it within striking distance of its 12-month high of $31.44 reached in September of last year. Jabil generates 25% of its revenue from Apple but also has relationships with other companies like GoPro and Cisco that helps ensure that they are less dependent on Apple for its growth. In their last reporting period, they reported a 21% annual increase in revenue to $5.44 billion and a non-GAAP EPS of $0.46, beating analysts’ estimates of $4.9 billion and $0.45. The company is also forecasting an approximately 8% increase in the next quarter (between $5.2 - $5.6 billion).
About Jabil
Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).
Read More - Current Price
- $130.64
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 5 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $143.50 (9.8% Upside)
