Flextronics International Ltd. (FLEX) : Analyst Rating Update

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) : 10 Wall Street analysts covering Flextronics International Ltd. (FLEX) believe that the average level the stock could reach for the short term is $13.85. The maximum price target given is $16 and the minimum target for short term is around $10, hence the standard deviation is calculated at $1.76.

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 $11.58 and $11.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.75, notching a gain of 0.77% for the day. The total traded volume was 5,406,593 . The stock had closed at $11.66 on the previous day.

Also, Major Brokerage house, Standpoint Research downgrades its ratings on Flextronics International Ltd. (NASDAQ:FLEX). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 24, 2016. The company shares have rallied 7.47% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $13.23 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $12.51 and the 200 Day Moving Average price is recorded at $11.52.

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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