NASDAQ:FLEX - Flex Stock Price, Price Target & More

Flex trades on the NASDAQ under the ticker symbol "FLEX."

Flex announced that its Board of Directors has authorized a stock repurchase program on Saturday, August 19th 2017, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 65% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

Flex Ltd (NASDAQ:FLEX) posted its earnings results on Thursday, April, 26th. The technology company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.30 by $0.02. The technology company earned $6.41 billion during the quarter, compared to analysts' expectations of $6.27 billion. Flex had a return on equity of 14.32% and a net margin of 1.68%. The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.29 earnings per share. View Flex's Earnings History.

Flex is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for Flex.

Flex issued an update on its first quarter earnings guidance on Thursday, April, 26th. The company provided EPS guidance of $0.22-0.26 for the period, compared to the Thomson Reuters consensus estimate of $0.32. The company issued revenue guidance of $6.3-6.7 billion, compared to the consensus revenue estimate of $6.30 billion.

9 equities research analysts have issued twelve-month target prices for Flex's stock. Their predictions range from $16.00 to $23.00. On average, they expect Flex's stock price to reach $20.0625 in the next year. This suggests a possible upside of 32.9% from the stock's current price. View Analyst Ratings for Flex.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Flex saw a decrease in short interest in June. As of June 15th, there was short interest totalling 6,238,591 shares, a decrease of 17.2% from the May 31st total of 7,531,265 shares. Based on an average trading volume of 4,676,556 shares, the short-interest ratio is presently 1.3 days. Approximately 1.2% of the shares of the stock are short sold. View Flex's Current Options Chain.

Some companies that are related to Flex include Jabil (JBL), Sanmina (SANM), Plexus (PLXS), TTM Technologies (TTMI), Celestica (CLS), Benchmark Electronics (BHE), CTS (CTS), Kimball Electronics (KE), Park Electrochemical (PKE), Sparton (SPA), SMTC (SMTX), IEC Electronics (IEC), NANO DIMENSION/S (NNDM), SigmaTron International (SGMA) and Eltek (ELTK).

News articles about FLEX stock have been trending somewhat positive on Friday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Flex earned a daily sentiment score of 0.15 on Accern's scale. They also assigned headlines about the technology company an impact score of 45.62 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Flex's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Factory Mutual Insurance Co. (0.40%), Assenagon Asset Management S.A. (0.17%), Investment House LLC (0.06%), Sanders Morris Harris LLC (0.05%), Private Capital Advisors Inc. (0.05%) and Berson & Corrado Investment Advisors LLC (0.04%). Company insiders that own Flex stock include Christopher Collier, David P Bennett, David Scott Offer, Douglas Britt, Francois Barbier, H Raymond Bingham, Lay Koon Tan, Michael M Mcnamara, Paul Humphries, William D Watkins and Willy C Shih. View Institutional Ownership Trends for Flex.

FLEX stock was sold by a variety of institutional investors in the last quarter, including Harbour Capital Advisors LLC, Private Capital Advisors Inc., Fjarde AP Fonden Fourth Swedish National Pension Fund, World Asset Management Inc and Berson & Corrado Investment Advisors LLC. Company insiders that have sold Flex company stock in the last year include Christopher Collier, David P Bennett, David Scott Offer, Douglas Britt, Lay Koon Tan, Michael M Mcnamara, Paul Humphries, William D Watkins and Willy C Shih. View Insider Buying and Selling for Flex.

FLEX stock was purchased by a variety of institutional investors in the last quarter, including Factory Mutual Insurance Co., Assenagon Asset Management S.A., Sanders Morris Harris LLC, Cornerstone Wealth Management LLC, Campbell & CO Investment Adviser LLC, Investment House LLC and Xact Kapitalforvaltning AB. View Insider Buying and Selling for Flex.

Shares of FLEX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of FLEX stock can currently be purchased for approximately $15.10.

Flex has a market capitalization of $8.01 billion and generates $25.44 billion in revenue each year. The technology company earns $428.53 million in net income (profit) each year or $0.80 on an earnings per share basis. Flex employs 200,000 workers across the globe.

Flex's mailing address is 2 CHANGI SOUTH LANE, SINGAPORE U0, 486123. The technology company can be reached via phone at 65-6876-9899 or via email at [email protected]