Plexus Corp.’s “Hold” Rating Reaffirmed at Bank of America Corp. (PLXS)
Plexus Corp. (NASDAQ:PLXS)‘s stock had its “hold” rating reiterated by stock analysts at Bank of America Corp. in a report issued on Friday, StockRatingsNetwork reports. They currently have a $34.00 target price on the stock. Bank of America Corp.’s target price points to a potential downside of 3.02% from the company’s current price.
A number of other firms have also recently commented on PLXS. Analysts at Citigroup Inc. raised their price target on shares of Plexus Corp. (NASDAQ:PLXS) to $38.00 in a research note to investors on Friday. Separately, analysts at RBC Capital raised their price target on shares of Plexus Corp. (NASDAQ:PLXS) from $27.00 to $32.00 in a research note to investors on Friday, July 19th. Finally, analysts at Needham & Company downgraded shares of Plexus Corp. (NASDAQ:PLXS) from a “buy” rating to a “hold” rating in a research note to investors on Monday, July 8th. They now have a $28.00 price target on the stock.
Six research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $30.83.
Plexus Corp. (NASDAQ:PLXS) traded up 1.74% during mid-day trading on Friday, hitting $35.67. The stock had a trading volume of 58,030 shares. Plexus Corp. has a 1-year low of $19.63 and a 1-year high of $36.13. The stock has a 50-day moving average of $34.48 and a 200-day moving average of $29.28. The company has a market cap of $1.204 billion and a P/E ratio of 20.68.
Plexus Corp. (NASDAQ:PLXS) last announced its earnings results on Wednesday, July 17th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.10. The company had revenue of $571.90 million for the quarter, compared to the consensus estimate of $564.99 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. Analysts expect that Plexus Corp. will post $2.30 EPS for the current fiscal year.
Plexus Corp. (NASDAQ:PLXS) and its subsidiaries delivers solutions to its customers through its Product Realization Value Stream.
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