Flex (NASDAQ:FLEX) Rating Increased to Strong-Buy at Wall Street Zen

Flex (NASDAQ:FLEX) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

A number of other analysts have also issued reports on FLEX. Jefferies Financial Group reiterated a “hold” rating and set a $23.00 price target on shares of Flex in a research note on Wednesday, November 12th. Barclays lifted their price objective on shares of Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Argus set a $85.00 target price on shares of Flex in a research note on Friday, October 31st. Zacks Research cut shares of Flex from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, The Goldman Sachs Group boosted their price target on shares of Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.78.

Flex Stock Down 0.3%

Flex stock opened at $63.02 on Friday. The company has a market capitalization of $23.17 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 1.54 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.40. Flex has a fifty-two week low of $25.11 and a fifty-two week high of $72.22. The firm has a 50 day moving average price of $63.70 and a 200 day moving average price of $60.60.

Flex (NASDAQ:FLEX) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.79 by $0.08. The business had revenue of $7.06 billion during the quarter, compared to analyst estimates of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Research analysts expect that Flex will post 2.33 earnings per share for the current year.

Insiders Place Their Bets

In other Flex news, CAO Daniel Wendler sold 10,000 shares of Flex stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $71.97, for a total transaction of $719,700.00. Following the completion of the sale, the chief accounting officer directly owned 27,619 shares of the company’s stock, valued at $1,987,739.43. The trade was a 26.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin Krumm sold 21,406 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total value of $1,310,689.38. Following the transaction, the chief financial officer directly owned 143,803 shares of the company’s stock, valued at approximately $8,805,057.69. This represents a 12.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Flex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLEX. Parkside Financial Bank & Trust raised its holdings in Flex by 57.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Fulton Bank N.A. grew its position in shares of Flex by 0.3% in the 3rd quarter. Fulton Bank N.A. now owns 49,904 shares of the technology company’s stock valued at $2,893,000 after buying an additional 167 shares during the last quarter. Diversified Trust Co raised its stake in Flex by 2.4% during the 3rd quarter. Diversified Trust Co now owns 7,697 shares of the technology company’s stock worth $446,000 after acquiring an additional 179 shares in the last quarter. Parallel Advisors LLC raised its stake in Flex by 5.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,588 shares of the technology company’s stock worth $208,000 after acquiring an additional 181 shares in the last quarter. Finally, Fred Alger Management LLC lifted its position in Flex by 0.7% in the fourth quarter. Fred Alger Management LLC now owns 30,881 shares of the technology company’s stock valued at $1,866,000 after acquiring an additional 210 shares during the last quarter. 94.30% of the stock is owned by institutional investors and hedge funds.

Flex Company Profile

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.