Somewhat Negative News Coverage Somewhat Unlikely to Affect Flex (FLEX) Share Price

Media stories about Flex (NASDAQ:FLEX) have trended somewhat negative this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Flex earned a media sentiment score of -0.08 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.2495295470629 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

FLEX has been the topic of several research analyst reports. UBS reiterated a “buy” rating and set a $21.50 price target on shares of Flex in a research report on Tuesday, December 19th. BidaskClub cut Flex from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Needham & Company LLC lifted their target price on Flex from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Bank of America lifted their target price on Flex from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Stifel Nicolaus lifted their target price on Flex from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $20.39.

Shares of NASDAQ FLEX traded up $0.16 during mid-day trading on Monday, reaching $17.03. The company had a trading volume of 3,716,465 shares, compared to its average volume of 4,281,370. The company has a quick ratio of 0.72, a current ratio of 1.22 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $8,901.71, a price-to-earnings ratio of 16.70, a PEG ratio of 0.86 and a beta of 0.85. Flex has a 1-year low of $14.70 and a 1-year high of $19.71.

Flex (NASDAQ:FLEX) last issued its earnings results on Thursday, January 25th. The technology company reported $0.31 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.31. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.50 billion. Flex had a return on equity of 20.44% and a net margin of 2.15%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 EPS. analysts anticipate that Flex will post 1.08 earnings per share for the current year.

In other news, Director Willy C. Shih sold 13,597 shares of Flex stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $17.91, for a total transaction of $243,522.27. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.83% of the company’s stock.

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About Flex

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It offers innovation services, such as innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX, a startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enables customers to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies.

Insider Buying and Selling by Quarter for Flex (NASDAQ:FLEX)

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