Technology

What Analyst Recommend Regarding Stocks? Ericsson (NASDAQ:ERIC), Jabil Circuit, Inc. (NYSE:JBL)

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Ericsson (NASDAQ:ERIC) initiated the shares trading at $7.43 and showed negative change of -2.96% while the stock’s final trade was registered at $ 7.54. However, its previous closing price was seen at $7.77. The stock negotiated total number of 8.07 million shares as compared to 3 months average volume of 4.36 million shares.

The stock price demonstrated downbeat change from its 50 day moving average of 7.63 and had been down from its 200 Day Moving Average of 8.61.

Ericsson reported q2 results 2016.

Sales as stated reduced by -11% YoY. Sales, adjusted for similarunits and currency, reduced by -7% YoY. Mobile broadband sales continued to decline particularly in markets impacted by a weak macro-economic environment.

Sales grew in South East Asia and Oceania. 4G sales in Mainland China and Networks sales in North America were stable.

The current sales trends and business mix are predictable to prevail for the second half of the year.

Gross margin declined to 32.3% (33.2%) YoY, mainly due to a larger share of mobile broadband coverage business with lower hardware margins, and a higher share of services business.

Operating margin reduced to 5.1% (5.9%) YoY, mainly due to negative revaluation effects of currency hedge contracts and a lower gross margin, partly offset by lower operating expenses and restructuring charges.

Further actions are initiated to reduce cost, targeting a new yearly run rate of operating expenses, not including restructuring charges, of SEK 53 b. in the second half of 2017.

Cash flow from operating activities was SEK -0.7 (3.1) b. Cash flow from operating activities for the first six months was SEK -3.1 (-2.8) b. Full-year cash conversion target of over 70% remains.

Telefonaktiebolaget LM Ericsson’s (ERIC) has price-to-cash ratio of 3.52 and price to sale ratio of 0.88. The company net profit margin is 5.80% and gross profit margin is 35.20%. A look on the firm performance, its monthly performance is -1.69% and a quarterly performance of -21.87%. The stock price is moving down from its 20 days moving average with -1.39% and isolated negatively from 50 days moving average with -1.20%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. One week ago, shares have been suggested as “BUY” from “7” brokerage firms and recommended as “Strong Buy” by “0” brokerage firms. 1” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “3.25” brokerage firms. “0” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

Shares of Jabil Circuit, Inc. (NYSE:JBL) declined -0.10% and ended at $20.55 smaller than previous closing price of $20.57. The total 2.58 million shares were bought and sold throughout the most recent trading session less than average volume of 2.63 million shares.

Jabil Circuit, Inc. (JBL) released its Fiscal 2015 Social and Environmental Accountability (SER) Report detailing the company’s global SER strategy and performance.

This is the third year the firm has released a SER Report, which follows GRI G4 guidelines. Highlights include:

Receiving conflict minerals declarations from nearly 4,000 suppliers, achieving 94 percent of the company’s goal.

Reducing the total recordable injury rate — which includes all injuries and illnesses that require medical attention beyond first aid — to 0.25, a 15 percent reduction from Fiscal 2014.

The average true range of Jabil Circuit Inc.’s (JBL) is recorded at 0.50 and the relative strength index of the stock stands 69.61. The stock price is going above to its 52 week low with 23.08% and lagging behind from its 52 week high with -20.27%. Analyst recommendation for this stock stands at 2.70. A look on the firm performance, its monthly performance is 9.42% and a quarterly performance of 13.75%. The stock price is trading upbeat from its 200 days moving average with 0.15% and up from 50 days moving average with 11.56%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. One week ago, shares have been suggested as “BUY” from “4” brokerage firms and recommended as “Strong Buy” by “1” brokerage firms. 0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “2.29” brokerage firms. “0” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

 

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