Flextronics International Ltd. (FLEX) was Reiterated by Raymond James to “Strong Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 14 from a previous price target of $12.50 . Raymond James advised their investors in a research report released on Apr 11, 2016.
Many Wall Street Analysts have commented on Flextronics International Ltd.. Argus Upgraded Flextronics International Ltd. on Jan 29, 2016 to ” Buy”, Price Target of the shares are set at $13.Stifel Upgraded Flextronics International Ltd. on Jan 29, 2016 to ” Buy”, Price Target of the shares are set at $13.Flextronics International Ltd. was Upgraded by Raymond James to ” Strong Buy” on Jan 29, 2016.
On the company’s financial health, Flextronics International Ltd. reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.30. The company had revenue of $6763.00 million for the quarter, compared to analysts expectations of $6494.81 million. The company’s revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.
Flextronics International Ltd. opened for trading at $11.95 and hit $12.14 on the upside on Monday, eventually ending the session at $11.94, with a gain of 1.19% or 0.14 points. The heightened volatility saw the trading volume jump to 29,20,133 shares. Company has a market cap of $6,550 M.
In a different news, on Mar 16, 2016, Michael M Mcnamara (Chief Executive Officer) sold 1,800 shares at $11.40 per share price. According to the SEC, on Jan 20, 2016, Lay Koon Tan (director) sold 477 shares at $9.03 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).