Other equities research analysts have also issued research reports about the company. ValuEngine lowered Flex from a strong-buy rating to a buy rating in a report on Friday, October 4th. Zacks Investment Research raised Flex from a strong sell rating to a hold rating and set a $8.75 price objective for the company in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Flex has a consensus rating of Hold and an average target price of $10.19.
Shares of FLEX opened at $9.82 on Wednesday. The business has a 50-day moving average of $10.13 and a 200 day moving average of $10.17. Flex has a fifty-two week low of $6.74 and a fifty-two week high of $12.54. The firm has a market cap of $4.91 billion, a P/E ratio of 54.56, a price-to-earnings-growth ratio of 1.25 and a beta of 1.84. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.76 and a current ratio of 1.26.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cerebellum GP LLC boosted its stake in Flex by 4.0% in the 3rd quarter. Cerebellum GP LLC now owns 38,742 shares of the technology company’s stock worth $405,000 after purchasing an additional 1,473 shares during the period. Macquarie Group Ltd. boosted its stake in Flex by 3.2% in the 2nd quarter. Macquarie Group Ltd. now owns 5,063,993 shares of the technology company’s stock worth $48,462,000 after purchasing an additional 157,948 shares during the period. Park West Asset Management LLC bought a new position in Flex in the 2nd quarter worth about $957,000. Rehmann Capital Advisory Group boosted its stake in Flex by 10.5% in the 2nd quarter. Rehmann Capital Advisory Group now owns 23,562 shares of the technology company’s stock worth $225,000 after purchasing an additional 2,236 shares during the period. Finally, Atria Investments LLC bought a new position in Flex in the 2nd quarter worth about $204,000. Institutional investors and hedge funds own 93.69% of the company’s stock.
Flex Company Profile
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments.
See Also: What is the Coverage Ratio?
Receive News & Ratings for Flex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flex and related companies with MarketBeat.com's FREE daily email newsletter.