Somewhat Favorable News Coverage Somewhat Unlikely to Affect Flex (FLEX) Stock Price
Headlines about Flex (NASDAQ:FLEX) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Flex earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.8380525101073 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern’s scoring:
- Flex Appoints Jennifer Li To Its Board Of Directors – PR Newswire – PR Newswire (press release) (prnewswire.com)
- Flex Ltd. (FLEX) : Analysts Watch-List Stock – Wall Street Morning (wallstreetmorning.com)
- Technical Signal Analysis for Flextronics International Ltd. (NASDAQ … – The Oracle Examiner (oracleexaminer.com)
- Noteworthy ETF Inflows: SPDW, PKX, FLEX, SKM – Nasdaq (nasdaq.com)
- Form 3 FLEX LTD. For: Jan 08 Filed by: Li Jennifer – StreetInsider.com (streetinsider.com)
Shares of Flex (FLEX) traded up $0.10 on Tuesday, hitting $18.70. 3,260,000 shares of the company were exchanged, compared to its average volume of 2,690,000. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.23 and a quick ratio of 0.70. Flex has a 12-month low of $14.22 and a 12-month high of $19.11. The stock has a market capitalization of $9,880.00, a price-to-earnings ratio of 18.51, a P/E/G ratio of 1.02 and a beta of 0.81.
A number of research firms have recently issued reports on FLEX. BidaskClub lowered shares of Flex from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. UBS Group upped their target price on shares of Flex from $18.00 to $19.75 and gave the stock a “buy” rating in a report on Friday, October 27th. Argus upped their target price on shares of Flex from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 target price on shares of Flex in a report on Friday, October 13th. Finally, Citigroup upped their target price on shares of Flex from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $19.75.
In related news, Director William D. Watkins sold 9,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $17.73, for a total value of $159,570.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David Scott Offer sold 45,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $17.71, for a total transaction of $796,950.00. The disclosure for this sale can be found here. Corporate insiders own 0.83% of the company’s stock.
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Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).
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