Brokerages Set Flex Ltd. (NASDAQ:FLEX) Price Target at $66.78

Shares of Flex Ltd. (NASDAQ:FLEX) have earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $66.7778.

Several analysts have weighed in on FLEX shares. Raymond James Financial set a $80.00 target price on Flex and gave the company an “outperform” rating in a report on Wednesday, February 4th. Barclays raised their target price on shares of Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. upped their price target on shares of Flex from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. KeyCorp raised their price objective on shares of Flex from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Jefferies Financial Group restated a “hold” rating and set a $23.00 price objective on shares of Flex in a research report on Wednesday, November 12th.

Insider Buying and Selling

In related news, CAO Daniel Wendler sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $71.97, for a total value of $719,700.00. Following the completion of the transaction, the chief accounting officer owned 27,619 shares of the company’s stock, valued at approximately $1,987,739.43. The trade was a 26.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin Krumm sold 21,406 shares of the firm’s stock in a transaction dated 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 directly owned 143,803 shares in the company, valued at $8,805,057.69. This represents a 12.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 71,406 shares of company stock valued at $4,262,489 over the last three months. Insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FLEX. USA Financial Formulas purchased a new stake in shares of Flex in the fourth quarter valued at $28,000. Parkside Financial Bank & Trust grew its holdings in Flex by 57.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock valued at $28,000 after buying an additional 166 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of Flex during the 4th quarter valued at about $28,000. CENTRAL TRUST Co lifted its holdings in shares of Flex by 238.3% during the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock worth $29,000 after acquiring an additional 355 shares during the period. Finally, MTM Investment Management LLC acquired a new stake in shares of Flex in the second quarter worth approximately $26,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex Trading Up 0.3%

Shares of FLEX opened at $64.42 on Wednesday. Flex has a twelve month low of $25.11 and a twelve month high of $72.22. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $23.69 billion, a P/E ratio of 28.89, a PEG ratio of 1.57 and a beta of 1.24. The firm’s 50-day moving average is $64.06 and its two-hundred day moving average is $59.94.

Flex (NASDAQ:FLEX) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The company had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $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. On average, research analysts predict that Flex will post 2.33 earnings per share for the current fiscal 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.