Plexus Corp. Hits New 52-Week High at $37.83 (PLXS)
Plexus Corp. (NASDAQ:PLXS)’s share price reached a new 52-week high during trading on Wednesday, American Banking News reports. The stock traded as high as $37.83 and last traded at $37.48, with a volume of 65,003 shares traded. The stock had previously closed at $37.66.
A number of analysts have recently weighed in on PLXS shares. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Plexus Corp. (NASDAQ:PLXS) in a research note to investors on Wednesday. They set a “buy” rating and a $42.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Plexus Corp. (NASDAQ:PLXS) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $44.00 price target on the stock. Finally, 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. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $35.57.
Plexus Corp. has a 1-year low of $19.63 and a 1-year high of $37.83. The stock’s 50-day moving average is $35.28 and its 200-day moving average is $30.57. The company has a market cap of $1.265 billion and a P/E ratio of 22.22.
Plexus Corp. (NASDAQ:PLXS) last issued its quarterly earnings data 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 last year, the company posted $0.66 earnings per share. Plexus Corp.’s revenue was down 6.1% compared to the same quarter last year. On average, analysts predict that Plexus Corp. will post $2.34 earnings per share 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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