Flex Ltd. (NASDAQ:FLEX) Receives Average Recommendation of “Moderate Buy” from Analysts

Flex Ltd. (NASDAQ:FLEX) has been given an average rating of “Moderate Buy” by the eleven research firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $66.7778.

A number of research analysts recently issued reports on the company. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday. Raymond James Financial set a $80.00 price objective on shares of Flex and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $23.00 target price on shares of Flex in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a research report on Monday, December 29th. Finally, The Goldman Sachs Group increased their price target on shares of Flex from $67.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th.

Flex Stock Down 5.7%

NASDAQ FLEX opened at $59.91 on Friday. The stock’s 50 day simple moving average is $63.65 and its 200 day simple moving average is $61.14. Flex has a one year low of $25.11 and a one year high of $72.22. The firm has a market cap of $22.03 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.46 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88.

Flex (NASDAQ:FLEX) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.08. The firm had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. As a group, sell-side analysts forecast that Flex will post 2.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FLEX. Caitong International Asset Management Co. Ltd grew its position in shares of Flex by 42,654.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,703 shares of the technology company’s stock worth $284,000 after buying an additional 4,692 shares during the period. DGS Capital Management LLC lifted its holdings in Flex by 16.3% in the fourth quarter. DGS Capital Management LLC now owns 6,525 shares of the technology company’s stock valued at $394,000 after buying an additional 916 shares during the period. Investment Insight Wealth Management LLC acquired a new position in Flex in the fourth quarter valued at approximately $211,000. Virtu Financial LLC bought a new position in Flex in the fourth quarter valued at approximately $1,319,000. Finally, Compound Planning Inc. grew its holdings in Flex by 3.1% during the 4th quarter. Compound Planning Inc. now owns 13,653 shares of the technology company’s stock worth $825,000 after acquiring an additional 409 shares during the period. 94.30% of the stock is currently 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.