BidaskClub upgraded shares of Flex (NASDAQ:FLEX) from a sell rating to a hold rating in a report released on Thursday, BidAskClub reports.

Several other brokerages have also recently commented on FLEX. ValuEngine raised shares of Flex from a buy rating to a strong-buy rating in a research report on Thursday, August 1st. Goldman Sachs Group raised shares of Flex from a neutral rating to a buy rating and set a $11.00 price target for the company in a research report on Thursday, June 6th. JPMorgan Chase & Co. raised shares of Flex from a neutral rating to an overweight rating and set a $12.00 price target for the company in a research report on Wednesday, May 29th. Finally, Zacks Investment Research raised shares of Flex from a strong sell rating to a hold rating and set a $9.50 price target for the company in a research report on Wednesday, July 31st. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $10.38.

Shares of NASDAQ:FLEX traded down $0.06 during mid-day trading on Thursday, reaching $10.86. 2,124,056 shares of the company were exchanged, compared to its average volume of 6,165,757. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.26 and a quick ratio of 0.76. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 60.33, a P/E/G ratio of 1.42 and a beta of 1.83. The firm’s 50-day simple moving average is $10.24 and its 200 day simple moving average is $10.17. Flex has a 1 year low of $6.74 and a 1 year high of $13.54.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Thursday, July 25th. The technology company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.11). The company had revenue of $6.18 billion for the quarter, compared to analysts’ expectations of $6.25 billion. Flex had a return on equity of 0.73% and a net margin of 0.09%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS. On average, research analysts forecast that Flex will post 0.49 earnings per share for the current fiscal year.

In other news, EVP David Scott Offer sold 6,369 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $9.56, for a total value of $60,887.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Francois Barbier sold 23,454 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $9.00, for a total transaction of $211,086.00. The disclosure for this sale can be found here. Insiders sold a total of 131,874 shares of company stock worth $1,237,682 over the last 90 days. Company insiders own 0.42% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Front Row Advisors LLC raised its stake in Flex by 646.9% during the 1st quarter. Front Row Advisors LLC now owns 2,547 shares of the technology company’s stock worth $25,000 after acquiring an additional 2,206 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Flex during the 2nd quarter worth $25,000. Willingdon Wealth Management acquired a new stake in Flex during the 1st quarter worth $27,000. Shine Investment Advisory Services Inc. raised its stake in Flex by 33.6% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 4,071 shares of the technology company’s stock worth $39,000 after acquiring an additional 1,024 shares in the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in Flex during the 2nd quarter worth $40,000. Institutional investors and hedge funds own 93.70% of the company’s stock.

Flex Company Profile

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments.

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Analyst Recommendations for Flex (NASDAQ:FLEX)

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