Flex Ltd. [NASDAQ: FLEX] loss -3.43% on the last trading session, reaching $18.03 price per share at the time. The company report on December 1, 2021 that Flex Completes Acquisition of Anord Mardix.
Flex (NASDAQ: FLEX) announced today it has completed its previously announced $540 million all-cash acquisition of Anord Mardix, a global leader in critical power solutions, from private equity firm Bertram Capital. The acquisition strengthens Flex’s Industrial business, adding to Flex’s portfolio of power solutions and expanding its offerings in the rapidly growing data center market.
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“We are excited to complete this transaction and welcome the Anord Mardix team to Flex,” said Revathi Advaithi, CEO of Flex. “This transaction advances Flex’s shift toward higher margin lines of business and meaningfully strengthens our ability to offer leading data center power solutions for new and existing customers around the world.”.
Flex Ltd. represents 482.00 million in outstanding shares, while the company has a total market value of $8.51 billion with the latest information. FLEX stock price has been found in the range of $18.02 to $18.88.
If compared to the average trading volume of 3.69M shares, FLEX reached a trading volume of 4100537 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Flex Ltd. [FLEX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FLEX shares is $23.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FLEX stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cross Research have made an estimate for Flex Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 06, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price from $21 to $22. The new note on the price target was released on February 26, 2021, representing the official price target for Flex Ltd. stock. Previously, the target price had yet another raise to $17, while JP Morgan analysts kept a Neutral rating on FLEX stock. On October 16, 2020, analysts increased their price target for FLEX shares from 12 to 16.
The Average True Range (ATR) for Flex Ltd. is set at 0.56, with the Price to Sales ratio for FLEX stock in the period of the last 12 months amounting to 0.33. The Price to Book ratio for the last quarter was 2.47, with the Price to Cash per share for the same quarter was set at 5.21. Price to Free Cash Flow for FLEX in the course of the last twelve months was 13.16 with Quick ratio for the last quarter at 0.80.
Trading performance analysis for FLEX stock
Flex Ltd. [FLEX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.74. With this latest performance, FLEX shares gained by 6.25% in over the last four-week period, additionally plugging by 6.18% over the last 6 months – not to mention a drop of -3.43% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FLEX stock in for the last two-week period is set at 52.73, with the RSI for the last a single of trading hit 52.07, and the three-weeks RSI is set at 51.89 for Flex Ltd. [FLEX]. The present Moving Average for the last 50 days of trading for this stock 17.77, while it was recorded at 18.40 for the last single week of trading, and 17.93 for the last 200 days.
Flex Ltd. [FLEX]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Flex Ltd. [FLEX] shares currently have an operating margin of +3.71 and a Gross Margin at +7.10. Flex Ltd.’s Net Margin is presently recorded at +2.54.
Return on Total Capital for FLEX is now 12.60, given the latest momentum, and Return on Invested Capital for the company is 9.04. Return on Equity for this stock inclined to 19.56, with Return on Assets sitting at 4.15. When it comes to the capital structure of this company, Flex Ltd. [FLEX] has a Total Debt to Total Equity ratio set at 130.17. Additionally, FLEX Total Debt to Total Capital is recorded at 56.55, with Total Debt to Total Assets ending up at 28.24. Long-Term Debt to Equity for the company is recorded at 118.66, with the Long-Term Debt to Total Capital now at 51.55.
Reflecting on the efficiency of the workforce at the company, Flex Ltd. [FLEX] managed to generate an average of $3,666 per employee. Receivables Turnover for the company is 6.65 with a Total Asset Turnover recorded at a value of 1.63.Flex Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.40.
Flex Ltd. [FLEX]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FLEX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Flex Ltd. go to 16.20%.
An analysis of insider ownership at Flex Ltd. [FLEX]
There are presently around $8,443 million, in the hands of institutional investors. The top three institutional holders of FLEX stocks are: PRIMECAP MANAGEMENT CO/CA/ with ownership of 57,380,450, which is approximately -1.922% of the company’s market cap and around 0.40% of the total institutional ownership; FMR LLC, holding 48,401,328 shares of the stock with an approximate value of $903.65 million in FLEX stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $776.84 million in FLEX stock with ownership of nearly 12.536% of the company’s market capitalization.
Positions in Flex Ltd. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 157 institutional holders increased their position in Flex Ltd. [NASDAQ:FLEX] by around 31,100,460 shares. Additionally, 143 investors decreased positions by around 40,049,999 shares, while 67 investors held positions by with 381,094,017 shares. The mentioned changes placed institutional holdings at 452,244,476 shares, according to the latest SEC report filing. FLEX stock had 43 new institutional investments in for a total of 3,561,688 shares, while 47 institutional investors sold positions of 8,394,749 shares during the same period.