Flex (NASDAQ:FLEX) Downgraded to "Buy" Rating by Wall Street Zen

Key Points

• Flex has been downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating, reflecting a shift in analyst sentiment.
• Multiple brokerages have adjusted their price targets for Flex, with estimates ranging from $52.00 to $66.00, indicating a consensus rating of "Moderate Buy."
• In its most recent quarter, Flex reported a $0.72 EPS, exceeding analysts' expectations and demonstrating a year-over-year revenue growth of 4.1%.

Flex (NASDAQ:FLEX - Get Free Report) was downgraded by investment analysts 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 brokerages also recently weighed in on FLEX. Stifel Nicolaus raised their price objective on Flex from $45.00 to $52.00 and gave the company a "buy" rating in a research report on Friday, July 25th. The Goldman Sachs Group set a $66.00 price objective on Flex in a research report on Monday, September 29th. KGI Securities downgraded Flex from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Bank of America raised their price objective on Flex from $58.00 to $65.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on Flex from $44.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Flex has a consensus rating of "Moderate Buy" and a consensus target price of $59.71.

Flex Stock Performance

Shares of Flex stock opened at $56.59 on Friday. The firm has a market cap of $21.24 billion, a P/E ratio of 24.82, a P/E/G ratio of 1.94 and a beta of 1.15. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. Flex has a 12 month low of $25.11 and a 12 month high of $60.05. The stock's fifty day moving average price is $54.67 and its 200-day moving average price is $46.20.

Flex (NASDAQ:FLEX - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.63 by $0.09. The firm had revenue of $6.58 billion for the quarter, compared to analyst estimates of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.The business's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share. 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 research analysts expect that Flex will post 2.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Flex news, COO Kwang Hooi Tan sold 12,500 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $50.25, for a total value of $628,125.00. Following the completion of the sale, the chief operating officer owned 263,636 shares of the company's stock, valued at approximately $13,247,709. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Daniel Wendler sold 10,000 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $56.66, for a total value of $566,600.00. Following the completion of the sale, the chief accounting officer directly owned 37,619 shares of the company's stock, valued at approximately $2,131,492.54. This represents a 21.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,020 shares of company stock valued at $4,923,667. 0.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FLEX. Rise Advisors LLC purchased a new position in shares of Flex in the first quarter worth about $25,000. Olde Wealth Management LLC purchased a new position in shares of Flex in the first quarter worth about $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Flex in the first quarter worth about $26,000. MTM Investment Management LLC purchased a new position in shares of Flex in the second quarter worth about $26,000. Finally, Concord Wealth Partners purchased a new position in Flex during the second quarter valued at approximately $28,000. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

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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