Flex Ltd. (NASDAQ:FLEX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Flex Ltd. (NASDAQ:FLEX) have received a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $67.10.

Several analysts have recently weighed in on FLEX shares. Robert W. Baird started coverage on shares of Flex in a report on Thursday, March 12th. They issued an “outperform” rating and a $70.00 target price on the stock. Raymond James Financial set a $80.00 price target on shares of Flex and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Wall Street Zen lowered Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a research report on Monday, December 29th. Finally, The Goldman Sachs Group increased their target price on Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th.

Insider Buying and Selling at Flex

In other Flex news, COO Kwang Hooi Tan sold 17,500 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $58.87, for a total value of $1,030,225.00. Following the completion of the transaction, the chief operating officer owned 233,636 shares in the company, valued at approximately $13,754,151.32. This represents a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kevin Krumm sold 21,406 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the sale, the chief financial officer owned 143,803 shares in the company, valued at $8,805,057.69. The trade was a 12.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.57% of the company’s stock.

Institutional Trading of Flex

A number of institutional investors have recently added to or reduced their stakes in FLEX. USA Financial Formulas acquired a new stake in shares of Flex during the 4th quarter valued at approximately $28,000. Frazier Financial Advisors LLC purchased a new position in Flex in the 4th quarter valued at approximately $28,000. Parkside Financial Bank & Trust raised its holdings in Flex by 57.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock worth $28,000 after purchasing an additional 166 shares during the last quarter. CENTRAL TRUST Co raised its holdings in Flex by 238.3% during the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock worth $29,000 after purchasing an additional 355 shares during the last quarter. Finally, Gables Capital Management Inc. purchased a new stake in Flex during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex Price Performance

Flex stock opened at $68.24 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88. The business has a 50 day simple moving average of $64.20 and a 200-day simple moving average of $62.43. Flex has a 12 month low of $25.11 and a 12 month high of $72.22. The stock has a market capitalization of $25.09 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The firm had revenue of $7.06 billion for the quarter, compared to analyst estimates of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. Flex’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.77 EPS. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Equities analysts predict that Flex will post 2.33 earnings per share for the current year.

Flex Company Profile

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.