RBC Capital Mkts Just Issued “Outperform” Rating on Flextronics International Ltd. (FLEX)

Flextronics International Ltd. (FLEX) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 22 from a previous price target of $17 . RBC Capital Mkts advised their Clients and Investors in a research report released on Feb 21, 2017.

Based on several research reports , Company shares were Reiterated by Needham on Jan 27, 2017 to “Buy”, Firm has raised the Price Target to $ 17 from a previous price target of $16 .Company shares were Reiterated by Stifel on Jan 27, 2017 to “Buy”, Firm has raised the Price Target to $ 17 from a previous price target of $16 .

On the company’s financial health, Flextronics International Ltd. reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 26, 2017. Analyst had a consensus of $0.33. The company had revenue of $6115.00 million for the quarter, compared to analysts expectations of $6210.46 million. The company’s revenue was down -9.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.

Several company insiders have filed Insider transactions , on Feb 1, 2017, David P Bennett (Chief Accounting Officer) sold 6,000 shares at $15.86 per share price. According to the SEC, on Jan 18, 2017, Lay Koon Tan (director) sold 293 shares at $14.69 per share price. On Nov 29, 2016, H Raymond Bingham (director) sold 20,000 shares at $14.51 per share price, according to the Form-4 filing with the securities and exchange commission.

Flextronics International Ltd. closed down -0.03 points or -0.18% at $16.44 with 42,76,250 shares getting traded on Friday. Post opening the session at $16.39, the shares hit an intraday low of $16.28 and an intraday high of $16.51 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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).

Flextronics International Ltd.

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