Flex's (FLEX) "Buy (B-)" Rating Reiterated at Weiss Ratings

Key Points

• Flex's stock has received a "Buy (B-)" rating reaffirmed by Weiss Ratings, with multiple analysts recently increasing their price targets.
• The company's recent earnings report showed a revenue of $6.58 billion for the quarter, exceeding expectations, and a notable EPS of $0.72.
• Flex's market capitalization stands at $22.46 billion, and its average stock rating is currently "Moderate Buy" with a target price of $58.29.

Flex (NASDAQ:FLEX - Get Free Report)'s stock had its "buy (b-)" rating reissued by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other analysts have also recently weighed in on the company. Wall Street Zen raised Flex from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 26th. Stifel Nicolaus lifted their price target on Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. lifted their price target on Flex from $44.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. KeyCorp lifted their price target on Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Finally, Bank of America lifted their price target on Flex from $58.00 to $65.00 and gave the stock a "buy" rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $58.29.

Flex Trading Up 4.5%

FLEX opened at $59.84 on Wednesday. The stock's fifty day moving average is $54.33 and its two-hundred day moving average is $45.91. The company has a market capitalization of $22.46 billion, a P/E ratio of 26.25, a PEG ratio of 1.95 and a beta of 1.15. Flex has a 52 week low of $25.11 and a 52 week high of $60.05. 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 (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 business had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period last year, the business posted $0.51 EPS. The business's revenue was up 4.1% compared to the same quarter last year. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. Analysts forecast that Flex will post 2.33 earnings per share for the current year.

Insider Buying and Selling at Flex

In related news, CAO Daniel Wendler sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $56.66, for a total value of $566,600.00. Following the transaction, the chief accounting officer directly owned 37,619 shares in the company, valued at approximately $2,131,492.54. This represents a 21.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Erin Mcsweeney sold 10,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $51.47, for a total value of $514,700.00. Following the completion of the transaction, the director 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 90,020 shares of company stock worth $4,923,667. 0.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FLEX. Brighton Jones LLC acquired a new position in Flex during the fourth quarter worth $260,000. GAMMA Investing LLC lifted its stake in Flex by 10,855.3% during the first quarter. GAMMA Investing LLC now owns 54,119 shares of the technology company's stock worth $1,636,000 after purchasing an additional 53,625 shares in the last quarter. UMB Bank n.a. lifted its stake in Flex by 30.5% during the first quarter. UMB Bank n.a. now owns 2,178 shares of the technology company's stock worth $72,000 after purchasing an additional 509 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Flex by 1.8% during the first quarter. Park Avenue Securities LLC now owns 24,916 shares of the technology company's stock worth $824,000 after purchasing an additional 432 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Flex by 142.9% during the first quarter. Farther Finance Advisors LLC now owns 14,940 shares of the technology company's stock worth $498,000 after purchasing an additional 8,790 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

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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