BidaskClub lowered shares of Flex (NASDAQ:FLEX) from a buy rating to a hold rating in a research note published on Tuesday morning.
Several other analysts have also issued reports on the company. Zacks Investment Research upgraded Flex from a strong sell rating to a hold rating in a research note on Tuesday, March 5th. ValuEngine lowered Flex from a hold rating to a sell rating in a research note on Friday, March 1st. JPMorgan Chase & Co. lowered Flex from an overweight rating to a neutral rating and dropped their price objective for the company from $14.00 to $12.00 in a research note on Wednesday, January 2nd. Finally, Wolfe Research assumed coverage on Flex in a research note on Tuesday, December 11th. They issued a market perform rating on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. Flex currently has a consensus rating of Hold and a consensus price target of $15.17.
NASDAQ:FLEX opened at $9.98 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.75 and a current ratio of 1.26. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 1.30 and a beta of 1.79. Flex has a 12-month low of $6.74 and a 12-month high of $18.49.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Flex by 119.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 3,825 shares of the technology company’s stock worth $29,000 after purchasing an additional 2,084 shares during the period. Fiera Capital Corp bought a new position in shares of Flex during the fourth quarter worth approximately $80,000. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in shares of Flex by 83.3% during the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 11,000 shares of the technology company’s stock worth $84,000 after purchasing an additional 5,000 shares during the period. Wetherby Asset Management Inc. bought a new position in shares of Flex during the fourth quarter worth approximately $90,000. Finally, Actinver Wealth Management Inc. bought a new position in shares of Flex during the fourth quarter worth approximately $196,000. Institutional investors own 93.43% 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.
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