Flextronics International Given New $9.50 Price Target at UBS AG (FLEX)
Stock analysts at UBS AG boosted their target price on shares of Flextronics International (NASDAQ:FLEX) from $9.00 to $9.50 in a report issued on Thursday, American Banking and Market News reports. UBS AG’s price target suggests a potential upside of 1.50% from the stock’s previous close.
A number of other firms have also recently commented on FLEX. Analysts at Zacks downgraded shares of Flextronics International from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 1st. They now have a $10.20 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Flextronics International currently has an average rating of “Hold” and a consensus price target of $9.58.
Flextronics International (NASDAQ:FLEX) traded up 1.41% on Thursday, hitting $9.36. 7,612,061 shares of the company’s stock traded hands. Flextronics International has a one year low of $6.86 and a one year high of $9.71. The stock’s 50-day moving average is $9.26 and its 200-day moving average is $8.41. The company has a market cap of $5.639 billion and a price-to-earnings ratio of 21.72.
Flextronics International (NASDAQ:FLEX) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.04. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.10 billion. On average, analysts predict that Flextronics International will post $1.02 earnings per share for the current fiscal year.
Flextronics International Ltd. (NASDAQ:FLEX) is a global provider of global supply chain solutions, through which the Company designs, build, ship and services a packaged electronic product to original equipment manufacturers (OEMs) in the markets, which include High Reliability Solutions (HRS), which is consists of its medical, automotive, defense and aerospace businesses; High Velocity Solutions (HVS), which includes its mobile devices business, including smart phones, and consumer electronics, including game consoles, high-volume computing business, including notebook personal computing (PC), tablets and printers; Industrial and Emerging Industries (IEI), which is consists of its household appliances, equipment, and industries businesses, and Integrated Network Solutions (INS), which includes its telecommunications infrastructure, data networking, connected home, and server and storage businesses.
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