Flextronics International Ltd. (FLEX) is Resumed by BofA/Merrill to Buy

Flextronics International Ltd. (FLEX) was Resumed by BofA/Merrill to “Buy”. BofA/Merrill advised their investors in a research report released on May 12, 2016.

Many Wall Street Analysts have commented on Flextronics International Ltd.. JP Morgan Initiated Flextronics International Ltd. on Apr 26, 2016 to “Overweight”, Price Target of the shares are set at $15.Company shares were Reiterated by Raymond James on Apr 11, 2016 to “Strong Buy”, Firm has raised the Price Target to $ 14 from a previous price target of $12.50 .

On the company’s financial health, Flextronics International Ltd. reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.28. The company had revenue of $5772.70 million for the quarter, compared to analysts expectations of $5836.90 million. The company’s revenue was down -3.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.

Flextronics International Ltd. (FLEX) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $12.11 and reached the intraday high at $12.22. The bulls started the profit booking and pushed the shares to intraday low of $11.92. The trading session was marked by a volume range of 50,92,516 shares exchanging hands. The 52-week high of the shares is $12.63 and the 52-week low is $8.845. The market cap of the company stands at $6,643 M and there are 54,85,85,480 shares in public circulation.

In a different news, on Apr 18, 2016, Lay Koon Tan (director) sold 352 shares at $12.25 per share price. According to the SEC, on Mar 16, 2016, Michael M Mcnamara (Chief Executive Officer) sold 1,800 shares at $11.40 per share price. On Dec 9, 2015, William D Watkins (director) sold 30,000 shares at $11.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Flextronics International Ltd. (Flextronics) is a Singapore-based provider of global supply chain solutions. The Company designs builds ships and serves packaged electronic products for its original equipment manufacturers (OEMs) in various groups. The Company offers a range of design and engineering services that relate to manufacturing (including enclosures metals plastic injection molding precision plastics machining and mechanicals) system integration and assembly and test services materials procurement inventory management logistics and after-sales services (including product repair warranty services re-manufacturing and maintenance) supply chain management software solutions and component product offerings (including rigid and flexible printed circuit boards and power adapters and chargers).

Flextronics International Ltd.

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