Plexus Corp. Sets New 1-Year High at $36.34 (PLXS)
Plexus Corp. (NASDAQ:PLXS) set a new 52-week high during trading on Monday, AnalystRatings.Net reports. The stock traded as high as $36.34 and last traded at $36.16, with a volume of 87,361 shares. The stock had previously closed at $35.76.
A number of analysts have recently weighed in on PLXS shares. Analysts at RBC Capital raised their price target on shares of Plexus Corp. (NASDAQ:PLXS) from $32.00 to $36.00 in a research note to investors on Monday. They now have a “sector perform” rating on the stock. Separately, analysts at Bank of America Corp. reiterated a “hold” rating on shares of Plexus Corp. (NASDAQ:PLXS) in a research note to investors on Friday. They now have a $34.00 price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Plexus Corp. (NASDAQ:PLXS) from $32.00 to $38.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock.
Eight research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $31.50.
Plexus Corp. has a 52-week low of $19.63 and a 52-week high of $36.34. The stock’s 50-day moving average is $34. and its 200-day moving average is $29.48. The company has a market cap of $1.223 billion and a price-to-earnings ratio of 21.10.
Plexus Corp. (NASDAQ:PLXS) last announced its earnings results on Wednesday, July 17th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was down 6.1% on a year-over-year basis. Analysts expect that Plexus Corp. will post $2.33 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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