Plexus Corp. Upgraded to “Outperform” at Zacks (PLXS)
Plexus Corp. (NASDAQ:PLXS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Monday, American Banking and Market News reports. The firm currently has a $44.00 price target on the stock. Zacks‘ price objective would suggest a potential upside of 19.24% from the company’s current price.
Shares of Plexus Corp. (NASDAQ:PLXS) traded down 0.33% during mid-day trading on Monday, hitting $36.78. The stock had a trading volume of 49,245 shares. Plexus Corp. has a 52 week low of $19.63 and a 52 week high of $37.29. The stock has a 50-day moving average of $35.1 and a 200-day moving average of $30.25. The company has a market cap of $1.241 billion and a P/E ratio of 21.77.
Plexus Corp. (NASDAQ:PLXS) last posted its quarterly 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 $2.34 EPS for the current fiscal year.
A number of other firms have also recently commented on PLXS. 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, September 16th. 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, September 13th. 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, September 13th. They now have a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $34.50.
Plexus Corp. (NASDAQ:PLXS) and its subsidiaries delivers solutions to its customers through its Product Realization Value Stream.
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