Flex Ltd (FLEX) Receives Consensus Rating of “Buy” from Analysts
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.
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.
COPYRIGHT VIOLATION WARNING: “Flex Ltd (FLEX) Receives Consensus Rating of “Buy” from Analysts” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/flex-ltd-flex-receives-consensus-rating-of-buy-from-analysts/1771510.html.
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).
Receive News & Ratings for Flex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flex and related companies with MarketBeat.com's FREE daily email newsletter.