Flex (NASDAQ:FLEX) Stock Rating Lowered by Wall Street Zen

Flex (NASDAQ:FLEXGet Free Report) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

A number of other research firms have also recently weighed in on FLEX. Bank of America increased their price objective on shares of Flex from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Barclays increased their price objective on shares of Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Stifel Nicolaus increased their price objective on shares of Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, July 25th. JPMorgan Chase & Co. increased their price objective on shares of Flex from $44.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Finally, The Goldman Sachs Group set a $66.00 price objective on shares of Flex in a report on Monday, September 29th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Flex presently has a consensus rating of “Moderate Buy” and an average price target of $59.71.

Check Out Our Latest Analysis on Flex

Flex Stock Down 5.1%

Shares of NASDAQ:FLEX opened at $56.59 on Friday. The stock has a market capitalization of $21.24 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 1.84 and a beta of 1.15. Flex has a 1-year low of $25.11 and a 1-year high of $60.05. The company’s fifty day moving average is $54.67 and its two-hundred day moving average is $46.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36.

Flex (NASDAQ:FLEXGet Free Report) last issued its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.09. Flex had a net margin of 3.42% and a return on equity of 20.25%. The company had revenue of $6.58 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. Equities analysts anticipate that Flex will post 2.33 EPS for the current year.

Insider Activity

In other Flex news, COO Kwang Hooi Tan sold 12,500 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $50.25, for a total transaction of $628,125.00. Following the transaction, the chief operating officer owned 263,636 shares of the company’s stock, valued at approximately $13,247,709. This trade represents a 4.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Erin Mcsweeney sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $51.47, for a total transaction of $514,700.00. Following the transaction, the director directly owned 17,012 shares in the company, valued at approximately $875,607.64. The trade was a 37.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,020 shares of company stock worth $4,923,667 in the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Flex

Large investors have recently made changes to their positions in the business. MTM Investment Management LLC bought a new position in shares of Flex during the 2nd quarter valued at about $26,000. Concord Wealth Partners bought a new position in shares of Flex during the 2nd quarter valued at about $28,000. CNB Bank bought a new position in shares of Flex during the 2nd quarter valued at about $30,000. Harbour Investments Inc. boosted its position in shares of Flex by 74.7% during the 2nd quarter. Harbour Investments Inc. now owns 704 shares of the technology company’s stock valued at $35,000 after purchasing an additional 301 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Flex by 404.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 706 shares of the technology company’s stock valued at $35,000 after purchasing an additional 566 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

Flex Company Profile

(Get Free Report)

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.

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