Plexus Corp. Reaches New 12-Month High at $44.16 (PLXS)
Plexus Corp. (NASDAQ:PLXS)’s share price reached a new 52-week high on Wednesday, Analyst Ratings.Net reports. The company traded as high as $44.16 and last traded at $43.78, with a volume of 228,904 shares traded. The stock had previously closed at $43.24.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Plexus Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, January 2nd. They now have a $45.00 price target on the stock. Separately, analysts at Sidoti initiated coverage on shares of Plexus Corp. in a research note to investors on Thursday, December 12th. They set a “neutral” rating on the stock. Finally, analysts at Bank of America Corp. downgraded shares of Plexus Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, October 25th. They now have a $36.00 price target on the stock, down previously from $40.53. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.86.
Plexus Corp. has a one year low of $23.45 and a one year high of $44.16. The stock has a 50-day moving average of $41. and a 200-day moving average of $36.76. The company has a market cap of $1.471 billion and a P/E ratio of 18.32.
Plexus Corp. (NASDAQ:PLXS) last released its earnings data on Thursday, October 24th. The company reported $0.67 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.67. The company had revenue of $567.73 million for the quarter, compared to the consensus estimate of $562.81 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis. Analysts expect that Plexus Corp. will post $2.63 EPS for the current fiscal year.
Plexus Corp. (NASDAQ:PLXS) and its subsidiaries delivers solutions to its customers through its Product Realization Value Stream.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.