Weekly Investment Analysts’ Ratings Changes for Flex (FLEX)

Flex (NASDAQ: FLEX) has recently received a number of price target changes and ratings updates:

  • 2/2/2018 – Flex was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 1/30/2018 – Flex was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/26/2018 – Flex was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/26/2018 – Flex had its price target raised by analysts at Stifel Nicolaus from $20.00 to $22.00. They now have a “buy” rating on the stock.
  • 1/26/2018 – Flex had its price target raised by analysts at Bank of America Corp from $20.00 to $22.00. They now have a “buy” rating on the stock.
  • 1/26/2018 – Flex had its price target raised by analysts at Needham & Company LLC from $19.00 to $21.00. They now have a “buy” rating on the stock.
  • 1/20/2018 – Flex was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/27/2017 – Flex was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/19/2017 – Flex had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a $21.50 price target on the stock.

Shares of Flex Ltd (FLEX) traded up $0.04 during trading hours on Monday, hitting $16.73. The stock had a trading volume of 5,137,400 shares, compared to its average volume of 4,424,744. The stock has a market capitalization of $8,827.84, a P/E ratio of 16.90, a P/E/G ratio of 0.92 and a beta of 0.80. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.72 and a current ratio of 1.22. Flex Ltd has a twelve month low of $14.70 and a twelve month high of $19.71.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $0.31 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.31. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.50 billion. Flex had a return on equity of 20.44% and a net margin of 2.15%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. research analysts forecast that Flex Ltd will post 1.08 earnings per share for the current year.

In other Flex news, Director Willy C. Shih sold 13,597 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $17.91, for a total transaction of $243,522.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William D. Watkins sold 9,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $17.73, for a total value of $159,570.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,597 shares of company stock valued at $1,200,042. 0.83% of the stock is owned by company insiders.

Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).

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