Plexus Corp. VP Michael Buseman Sells 3,000 Shares (PLXS)
Plexus Corp. (NASDAQ:PLXS) VP Michael Buseman sold 3,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $38.00, for a total value of $114,000.00. Following the completion of the sale, the vice president now directly owns 25,805 shares in the company, valued at approximately $980,590. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Plexus Corp. (NASDAQ:PLXS) traded down 0.60% on Tuesday, hitting $38.09. The stock had a trading volume of 125,556 shares. Plexus Corp. has a 52 week low of $19.63 and a 52 week high of $39.24. The stock has a 50-day moving average of $35.86 and a 200-day moving average of $31.37. The company has a market cap of $1.286 billion and a P/E ratio of 22.61.
Plexus Corp. (NASDAQ:PLXS) last released its 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.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Plexus Corp. in a research note to investors on Wednesday, October 2nd. They set a “buy” rating and a $42.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Plexus Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, September 30th. 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. 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Plexus Corp. has an average rating of “Hold” and a consensus price target of $35.57.
Plexus Corp. (NASDAQ:PLXS) and its subsidiaries delivers solutions to its customers through its Product Realization Value Stream.
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