Why This 1 Value Stock Could Be a Great Addition to Your Portfolio
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Flex (FLEX)
Singapore-based Flex Ltd (formerly known as Flextronics International Ltd) has a diverse workforce across 30 countries and offers advanced manufacturing solutions and supply chain services throughout the product lifecycle development, including fulfillment, after-market support, and circular economy solutions.
FLEX boasts a Value Style Score of A and VGM Score of B, and holds a Zacks Rank #1 (Strong Buy) rating. Shares of Flex are trading at a forward earnings multiple of 11.7X, as well as a PEG Ratio of 1, a Price/Cash Flow ratio of 9.1X, and a Price/Sales ratio of 0.4X.
Many value investors pay close attention to a company's earnings as well. For FLEX, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.09 to $2.56 per share for 2024. Per share FLEX boasts an average earnings surprise of 11%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding FLEX to their portfolios.
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Flex Ltd. (FLEX) : Free Stock Analysis Report
