Price Target Update on Flextronics International Ltd. (NASDAQ:FLEX)

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.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Standpoint Research downgrades its rating on Flextronics International Ltd. (NASDAQ:FLEX). The rating major has initiated the coverage with hold rating 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): stock turned positive on Thursday. Though the stock opened at $13.15, the bulls momentum made the stock top out at $13.23 level for the day. The stock recorded a low of $13.12 and closed the trading day at $13.19, in the green by 0.84%. The total traded volume for the day was 3,676,983. The stock had closed at $13.08 in the previous days trading.

The company shares have rallied 10.38% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $13.17 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $12.53 and the 200 Day Moving Average price is recorded at $11.45. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Accounting Officer) of Flextronics International Ltd., Bennett David P had sold 10,800 shares worth of $138,780 in a transaction dated June 16, 2016. In this transaction, 10,800 shares were sold at $12.85 per share.

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).

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.