Evaluating Flex: Insights From 4 Financial Analysts

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In the latest quarter, 4 analysts provided ratings for Flex FLEX, showcasing a mix of bullish and bearish perspectives.

The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 1 2 1 0 0
Last 30D 0 1 1 0 0
1M Ago 0 1 0 0 0
2M Ago 1 0 0 0 0
3M Ago 0 0 0 0 0

In the assessment of 12-month price targets, analysts unveil insights for Flex, presenting an average target of $33.0, a high estimate of $37.00, and a low estimate of $27.00. Marking an increase of 10.92%, the current average surpasses the previous average price target of $29.75.

Understanding Analyst Ratings: A Comprehensive Breakdown

The perception of Flex by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Christian Schwab Craig-Hallum Lowers Hold $27.00 $28.00
George Wang Barclays Raises Overweight $34.00 $30.00
Samik Chatterjee JP Morgan Raises Overweight $34.00 $32.00
Mark Delaney Goldman Sachs Raises Buy $37.00 $29.00

Key Insights:

  • Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Flex. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Flex compared to the broader market.
  • Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Flex's stock. This comparison reveals trends in analysts' expectations over time.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Flex's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on Flex analyst ratings.

Unveiling the Story Behind Flex

Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to global electronics and technology companies. The company's operating segments include Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. Flex Agility Solutions segment includes markets such as Communications, Enterprise and Cloud; Lifestyle; and Consumer Devices. Flex Reliability Solutions segment includes markets such as Automotive, Health Solutions, and Industrial. The Nextracker segment provides solar tracker technologies that optimize and increase energy production. The company's geographical segments include China, Mexico, the United States, Brazil, Malaysia, Hungary, and Others.

Flex's Economic Impact: An Analysis

Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.

Negative Revenue Trend: Examining Flex's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -8.42% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: Flex's net margin excels beyond industry benchmarks, reaching 2.77%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Flex's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.32% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Flex's ROA excels beyond industry benchmarks, reaching 0.95%. This signifies efficient management of assets and strong financial health.

Debt Management: Flex's debt-to-equity ratio is below the industry average at 0.66, reflecting a lower dependency on debt financing and a more conservative financial approach.

Understanding the Relevance of Analyst Ratings

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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