Flex (FLEX) Given Daily News Sentiment Rating of 0.01

Media coverage about Flex (NASDAQ:FLEX) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Flex earned a media sentiment score of 0.01 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.8411940739026 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s rankings:

Shares of Flex (FLEX) traded up $0.38 during mid-day trading on Friday, reaching $19.14. The company’s stock had a trading volume of 2,857,081 shares, compared to its average volume of 2,840,000. The company has a quick ratio of 0.70, a current ratio of 1.23 and a debt-to-equity ratio of 1.01. Flex has a 12-month low of $14.40 and a 12-month high of $19.28. The company has a market capitalization of $10,110.00, a P/E ratio of 18.95, a P/E/G ratio of 1.03 and a beta of 0.81.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Flex had a return on equity of 22.71% and a net margin of 2.25%. The firm had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. equities analysts forecast that Flex will post 1.09 EPS for the current year.

Several brokerages have issued reports on FLEX. BidaskClub lowered Flex from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. UBS Group upped their target price on Flex from $18.00 to $19.75 and gave the stock a “buy” rating in a research note on Friday, October 27th. Argus upped their target price on Flex from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $19.00 target price on shares of Flex in a research note on Friday, October 13th. Finally, Citigroup upped their target price on Flex from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.75.

In other Flex news, Director William D. Watkins sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $17.73, for a total value of $159,570.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Scott Offer sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $17.71, for a total value of $796,950.00. The disclosure for this sale can be found here. Insiders own 0.83% of the company’s stock.

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About Flex

Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).

Insider Buying and Selling by Quarter for Flex (NASDAQ:FLEX)

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