A number of firms have modified their ratings and price targets on shares of Flextronics International (NASDAQ: FLEX) recently:

  • 9/21/2016 – Flextronics International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Flextronic International is a leading provider of advanced electronics manufacturing services to OEMs primarily in the telecommunications and networking, consumer electronics and computer industries. The company’s strategy is to provide customers with the ability to outsource, on a global basis, a complete product wherethe company’s take responsibility for engineering, supply chain management, assembly, integration, test and logistics management. The company provides complete product design services, including electrical and mechanical, circuit and layout. “
  • 9/20/2016 – Flextronics International was upgraded by analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating. They now have a $16.00 price target on the stock, up previously from $13.00.
  • 9/20/2016 – Flextronics International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “Flextronic International is a leading provider of advanced electronics manufacturing services to OEMs primarily in the telecommunications and networking, consumer electronics and computer industries. The company’s strategy is to provide customers with the ability to outsource, on a global basis, a complete product wherethe company’s take responsibility for engineering, supply chain management, assembly, integration, test and logistics management. The company provides complete product design services, including electrical and mechanical, circuit and layout. “
  • 9/6/2016 – Flextronics International had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $14.50 price target on the stock.
  • 9/1/2016 – Flextronics International had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $14.50 price target on the stock.
  • 7/26/2016 – Flextronics International had its “strong-buy” rating reaffirmed by analysts at Raymond James Financial Inc.. They now have a $14.00 price target on the stock.
  • 7/26/2016 – Flextronics International had its “buy” rating reaffirmed by analysts at Argus. They now have a $16.00 price target on the stock, up previously from $15.00.
  • 7/25/2016 – Flextronics International had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $14.50 price target on the stock.

Flextronics International Ltd. (NASDAQ:FLEX) traded up 1.12% during trading on Thursday, reaching $13.60. 4,808,799 shares of the company traded hands. The firm’s 50 day moving average price is $12.91 and its 200 day moving average price is $12.45. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 17.22 and a beta of 0.97. Flextronics International Ltd. has a 12-month low of $8.85 and a 12-month high of $13.79.

Flextronics International (NASDAQ:FLEX) last posted its earnings results on Thursday, July 21st. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. Flextronics International had a net margin of 1.77% and a return on equity of 22.68%. The business had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.71 billion. Equities research analysts expect that Flextronics International Ltd. will post $1.19 earnings per share for the current year.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/weekly-analysts-ratings-changes-for-flextronics-international-flex.html

In other news, CFO Christopher Collier sold 14,020 shares of the stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $11.79, for a total value of $165,295.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director H Raymond Bingham sold 25,000 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $13.20, for a total transaction of $330,000.00. The disclosure for this sale can be found here. 0.94% of the stock is currently owned by insiders.

5 Day Chart for NASDAQ:FLEX

Receive News & Ratings for Flextronics International Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flextronics International Ltd and related companies with MarketBeat.com's FREE daily email newsletter.