Flextronics International Ltd. (FLEX) : Zacks Investment Research ranks Flextronics International Ltd. (FLEX) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.33, which indicates as a Strong Buy.
Flextronics International Ltd. (FLEX) : 10 investment research analysts covering Flextronics International Ltd. (FLEX) have an average price target of $13.85 for the near short term. The highest target price given by the Brokerage Firm to the stock is $16 and the lowest target is $10 for the short term. Analysts expect the variance to be within $1.76 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Flextronics International Ltd. (NASDAQ:FLEX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.85 and $12.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.81, notching a gain of 0.16% for the day. The total traded volume was 3,215,393 . The stock had closed at $12.79 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Watkins William D, director of Flextronics International Ltd., had unloaded 8,000 shares at an average price of $12.35 in a transaction dated on August 2, 2016. The total value of the transaction was worth $98,800.
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).