Analyst Rating Update on Flextronics International Ltd. (FLEX)

Flextronics International Ltd. (FLEX) : The consensus on Flextronics International Ltd. (FLEX) based on 9 analyst recommendation on the company stock is 1.33, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Flextronics International Ltd. (FLEX) : The highest level Flextronics International Ltd. (FLEX) is projected to reach is $16 for the short term and the lowest estimate is at $10. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $13.85 and the possibility the share price can swing is $1.76.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Standpoint Research downgrades the rating on Flextronics International Ltd. (NASDAQ:FLEX). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 24, 2016.


Flextronics International Ltd. (NASDAQ:FLEX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.38 and $12.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.53, notching a gain of 1.46% for the day. The total traded volume was 3,393,017 . The stock had closed at $12.35 on the previous day.

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).

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