RBC Capital Stick to Their Buy Rating for Flex Ltd
Investing.com
Published Feb 08, 2021 08:50PM ET
RBC Capital analyst Mitch Steves maintained a Buy rating on Flex (NASDAQ:FLEX) Ltd on Monday, setting a price target of $23, which is approximately 22.73% above the present share price of $18.74.
Steves expects Flex Ltd to post earnings per share (EPS) of $0.42 for the first quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Flex, with an average price target of $20.2.
The analysts price targets range from a high of $23 to a low of $17.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $6.72 billion and a net profit of $241 million. The company's market cap is $9.35 billion.
According to TipRanks.com, RBC Capital analyst Mitch Steves is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 35.7% and a 80.00% success rate.
Flex Ltd. engages in provision of real-time supply chain insight and logistics services to companies. It operates through the following segments: Communications and Enterprise Compute (CEC), Consumer Technologies Group (CTC), Industrial and Emerging Industries (IEI), High Reliability Solutions (HRS), and Corporate and Others. The Communications and Enterprise Compute segment includes telecom business of radio access base stations, remote radio heads, and small cells for wireless infrastructure; networking business; server and storage platforms for both enterprise and cloud-based deployments; next generation storage and security appliance products; and rack level solutions, converged infrastructure, and software-defined product solutions. The Consumer Technologies Group segment offers consumer-related businesses in Internet of Things enabled devices, audio, and consumer power electronics, mobile devices; and supply chain solutions for consumer, computing, and printing devices. The Industrial and Emerging Industries segment comprises of metering infrastructure, energy storage, smart lighting, smart solar energy; and industrial, including semiconductor and capital equipment, office solutions, household industrial, and lifestyle, industrial automation and kiosks. The High Reliability Solutions segment relates to health solutions business and automotive business. The company was founded in May 1990 and is headquartered in Singapore.
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Written By: Investing.com
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