Flextronics International Ltd. (NASDAQ:FLEX) : 10 Wall Street analysts covering Flextronics International Ltd. (NASDAQ:FLEX) believe that the average level the stock could reach for the short term is $13.85. The maximum price target given is $16 and the minimum target for short term is around $10, hence the standard deviation is calculated at $1.76.
Flextronics International Ltd. has lost 10.54% in the last five trading days and dropped 7.01% in the last 4 weeks. Flextronics International Ltd. has dropped 3.44% during the last 3-month period . Year-to-Date the stock performance stands at 5.26%. Also, In a research note released to the investors, Standpoint Research downgrades its rating on Flextronics International Ltd. (NASDAQ:FLEX).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 24, 2016.
Flextronics International Ltd. (NASDAQ:FLEX) : 9 analysts are covering Flextronics International Ltd. (NASDAQ:FLEX) and their average rating on the stock is 1.33, which is read as a Strong Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Flextronics International Ltd. (NASDAQ:FLEX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Flextronics International Ltd. (NASDAQ:FLEX): The stock opened at $11.87 on Thursday but the bulls could not build on the opening and the stock topped out at $11.90 for the day. The stock traded down to $11.64 during the day, due to lack of any buying support eventually closed down at $11.80 with a loss of -0.67% for the day. The stock had closed at $11.88 on the previous day. The total traded volume was 8,523,332 shares.
In an insider trading activity, Bennett David P, officer (Chief Accounting Officer) of Flextronics International Ltd., unloaded 10,800 shares at an average price of $12.85 on June 16, 2016. The total amount of the transaction was worth $138,780, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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).