Flex Ltd (NASDAQ: FLEX) has reported E.P.S. of $0.54 for its second fiscal quarter (ending September 30) versus $0.45 for the same period a year ago — an increase of 20%. For the latest four quarters through September 30, E.P.S. were $2.10 compared to $1.61 a year ago — an increase of 30%.
Recent Price Action
Flex Ltd (NASDAQ: FLEX) stock closed at $35.78 on 10/30/24 after a large increase of 3.2%. Moreover, trading volume in this advance was unusually high at 168% of normal. The stock has risen 4.4% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, FLEX is expected to continue to be a major Value Builder.
Flex has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Flex has a neutral Appreciation Score of 58 but a good Power Rating of 84, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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