Flex Ltd (NASDAQ:FLEX) has been given a consensus recommendation of “Buy” by the thirteen research firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $19.53.

A number of research firms recently weighed in on FLEX. BidaskClub lowered shares of Flex from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Argus increased their price objective on shares of Flex from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. UBS upped their target price on shares of Flex from $18.00 to $19.75 and gave the stock a “buy” rating in a research note on Friday, October 27th. Citigroup upped their target price on shares of Flex from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, Stifel Nicolaus upped their target price on shares of Flex from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, October 27th.

In other news, EVP David Scott Offer sold 45,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $17.71, for a total transaction of $796,950.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William D. Watkins sold 9,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $17.73, for a total transaction of $159,570.00. The disclosure for this sale can be found here. 0.83% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors bought a new position in shares of Flex during the second quarter valued at approximately $171,000. Airain ltd bought a new position in shares of Flex during the second quarter valued at approximately $203,000. Raymond James Trust N.A. boosted its stake in shares of Flex by 2.3% during the second quarter. Raymond James Trust N.A. now owns 13,483 shares of the technology company’s stock valued at $220,000 after purchasing an additional 309 shares in the last quarter. Woodmont Investment Counsel LLC bought a new position in shares of Flex during the third quarter valued at approximately $244,000. Finally, IFP Advisors Inc boosted its stake in shares of Flex by 13.6% during the third quarter. IFP Advisors Inc now owns 27,978 shares of the technology company’s stock valued at $464,000 after purchasing an additional 3,353 shares in the last quarter. Hedge funds and other institutional investors own 95.40% of the company’s stock.

Flex (NASDAQ:FLEX) traded up $0.14 during trading on Monday, reaching $18.12. 588,800 shares of the company were exchanged, compared to its average volume of 3,469,532. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.23 and a quick ratio of 0.70. Flex has a 12 month low of $14.22 and a 12 month high of $19.11. The stock has a market cap of $9,501.93, a price-to-earnings ratio of 15.63, a P/E/G ratio of 0.99 and a beta of 0.81.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Flex had a net margin of 2.25% and a return on equity of 22.71%. The company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period in the prior year, the company posted $0.28 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. equities analysts predict that Flex will post 1.09 EPS for the current year.

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About Flex

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).

Analyst Recommendations for Flex (NASDAQ:FLEX)

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