Flex Ltd. (NASDAQ:FLEX) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Flex Ltd. has received a consensus rating of "Moderate Buy" from eight analysts, with seven analysts issuing buy ratings and one a hold rating.
• The average 1-year price target for Flex stock is approximately $53.71, with various brokerages adjusting their targets recently.
• Insider sales have been notable, with directors selling a total of 20,000 shares on the same day, indicating a potential decrease in insider confidence.

Flex Ltd. (NASDAQ:FLEX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $53.7143.

A number of brokerages have issued reports on FLEX. The Goldman Sachs Group reissued a "buy" rating on shares of Flex in a report on Friday, July 11th. Stifel Nicolaus boosted their price target on Flex from $45.00 to $52.00 and gave the company a "buy" rating in a report on Friday, July 25th. Barclays boosted their price target on Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, July 25th. KGI Securities downgraded Flex from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Finally, Bank of America upped their target price on Flex from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th.

Insider Buying and Selling at Flex

In other news, Director William D. Watkins sold 10,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director directly owned 111,355 shares of the company's stock, valued at $5,767,075.45. This represents a 8.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Erin Mcsweeney sold 10,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $51.47, for a total transaction of $514,700.00. Following the completion of the transaction, the director directly owned 17,012 shares in the company, valued at $875,607.64. This represents a 37.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,013 shares of company stock worth $5,097,662. 0.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FLEX. Wellington Management Group LLP increased its position in shares of Flex by 4.8% during the first quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company's stock worth $719,232,000 after purchasing an additional 996,276 shares in the last quarter. Boston Partners increased its position in shares of Flex by 3.5% during the second quarter. Boston Partners now owns 20,620,717 shares of the technology company's stock worth $1,029,769,000 after purchasing an additional 687,835 shares in the last quarter. State Street Corp increased its position in shares of Flex by 38.0% during the second quarter. State Street Corp now owns 12,259,554 shares of the technology company's stock worth $611,997,000 after purchasing an additional 3,377,669 shares in the last quarter. Invesco Ltd. increased its position in shares of Flex by 6.1% during the second quarter. Invesco Ltd. now owns 8,871,601 shares of the technology company's stock worth $442,870,000 after purchasing an additional 508,495 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Flex by 52.1% during the second quarter. Geode Capital Management LLC now owns 7,180,371 shares of the technology company's stock worth $358,500,000 after purchasing an additional 2,459,511 shares in the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

Flex Trading Down 0.8%

Flex stock opened at $57.29 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.59. Flex has a 52 week low of $25.11 and a 52 week high of $58.60. The company has a market capitalization of $21.50 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 1.96 and a beta of 1.13. The stock has a 50-day moving average price of $52.19 and a 200 day moving average price of $43.17.

Flex (NASDAQ:FLEX - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) 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 company had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the previous year, the company posted $0.51 earnings per share. Flex's revenue for the quarter 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. Sell-side analysts anticipate that Flex will post 2.33 EPS for the current year.

Flex Company Profile

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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