News stories about Flex (NASDAQ:FLEX) have trended somewhat negative this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Flex earned a news impact score of -0.06 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.4099315860729 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Several analysts have recently commented on FLEX shares. Raymond James downgraded shares of Flex from a “strong-buy” rating to a “market perform” rating and reduced their price objective for the stock from $22.00 to $19.00 in a research report on Friday, April 27th. Citigroup reduced their price objective on shares of Flex from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, April 30th. Stifel Nicolaus reduced their price objective on shares of Flex from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, April 27th. Zacks Investment Research downgraded shares of Flex from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 11th. Finally, ValuEngine downgraded shares of Flex from a “buy” rating to a “hold” rating in a research report on Friday, April 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $19.61.

Shares of FLEX opened at $13.60 on Tuesday. Flex has a 12-month low of $12.93 and a 12-month high of $19.71. The company has a current ratio of 1.24, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $7.31 billion, a P/E ratio of 17.60, a PEG ratio of 0.67 and a beta of 0.82.

Flex (NASDAQ:FLEX) last issued its earnings results on Thursday, July 26th. The technology company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. Flex had a return on equity of 14.02% and a net margin of 1.62%. The company had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.50 billion. During the same period last year, the business earned $0.24 EPS. Flex’s quarterly revenue was up 6.9% compared to the same quarter last year. sell-side analysts forecast that Flex will post 1.02 earnings per share for the current fiscal year.

In related news, insider Paul Humphries sold 9,964 shares of the stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $13.82, for a total value of $137,702.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Douglas Britt sold 8,513 shares of the stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $13.78, for a total value of $117,309.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 619,564 shares of company stock worth $8,911,201. 0.88% of the stock is owned by company insiders.

Flex Company Profile

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments.

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Insider Buying and Selling by Quarter for Flex (NASDAQ:FLEX)

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