Flex Ltd. (NASDAQ:FLEX) Receives $66.78 Consensus PT from Analysts

Flex Ltd. (NASDAQ:FLEX) has been given an average rating of “Moderate Buy” by the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $67.10.

A number of equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings restated a “buy (b)” rating on shares of Flex in a research note on Monday, December 29th. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. The Goldman Sachs Group raised their price target on Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Finally, Barclays upped their price objective on Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th.

Insider Activity

In other news, COO Kwang Hooi Tan sold 17,500 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the completion of the transaction, the chief operating officer owned 233,636 shares in the company, valued at approximately $13,754,151.32. This represents a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin Krumm sold 21,406 shares of Flex stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the completion of the sale, the chief financial officer owned 143,803 shares in the company, valued at approximately $8,805,057.69. This represents a 12.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

Flex Price Performance

Shares of NASDAQ FLEX opened at $63.29 on Friday. 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 company has a market capitalization of $23.27 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. Flex has a twelve month low of $25.11 and a twelve month high of $72.22. The business has a 50 day simple moving average of $63.72 and a 200-day simple moving average of $61.40.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The firm 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 firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 earnings per share. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. As a group, equities research analysts expect that Flex will post 2.33 earnings per share for the current year.

About Flex

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.