Flex (NASDAQ:FLEX – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.
A number of other research analysts also recently commented on the company. Barclays increased their target price on Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Bank of America raised their price target on Flex from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. The Goldman Sachs Group reissued a “buy” rating on shares of Flex in a report on Friday, July 11th. Stifel Nicolaus raised their price target on Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, KGI Securities downgraded Flex from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.71.
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Flex Price Performance
FLEX stock opened at $57.29 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36. Flex has a 1 year low of $25.11 and a 1 year high of $58.60. The firm has a market cap of $21.50 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. The stock has a 50-day simple moving average of $52.19 and a 200-day simple moving average of $43.21.
Flex (NASDAQ:FLEX – Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.09. Flex had a return on equity of 20.25% and a net margin of 3.42%.The firm had revenue of $6.58 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the firm earned $0.51 EPS. Flex’s quarterly revenue was up 4.1% on a year-over-year basis. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. On average, equities analysts predict that Flex will post 2.33 earnings per share for the current fiscal year.
Insider Activity
In other Flex news, Director William D. Watkins sold 10,000 shares of Flex stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $51.79, for a total transaction of $517,900.00. Following the sale, the director owned 111,355 shares of the company’s stock, valued at $5,767,075.45. The trade was a 8.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael P. Hartung sold 2,520 shares of Flex stock in a transaction on Monday, August 18th. The shares were sold at an average price of $49.62, for a total value of $125,042.40. Following the transaction, the insider owned 301,198 shares in the company, valued at approximately $14,945,444.76. This trade represents a 0.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,013 shares of company stock worth $5,097,662 over the last ninety days. 0.57% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Flex
A number of hedge funds have recently modified their holdings of the stock. American Trust acquired a new position in shares of Flex in the 2nd quarter worth $274,000. Semper Augustus Investments Group LLC acquired a new position in shares of Flex in the 2nd quarter worth $254,000. Castleark Management LLC acquired a new position in shares of Flex in the 2nd quarter worth $135,000. Rexford Capital Inc. acquired a new position in shares of Flex in the 2nd quarter worth $57,000. Finally, Evergreen Capital Management LLC grew its holdings in shares of Flex by 3.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 21,635 shares of the technology company’s stock worth $1,080,000 after acquiring an additional 632 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.
About Flex
(Get Free Report)
Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.
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