Plexus Corp. Downgraded by Raymond James to “Underperform” (PLXS)
Plexus Corp. (NASDAQ:PLXS) was downgraded by equities researchers at Raymond James from a “market perform” rating to an “underperform” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on PLXS. 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $37.86.
Plexus Corp. (NASDAQ:PLXS) traded down 3.77% on Monday, hitting $41.64. The stock had a trading volume of 303,420 shares. Plexus Corp. has a one year low of $23.57 and a one year high of $44.16. The stock’s 50-day moving average is $41.6 and its 200-day moving average is $37.12. The company has a market cap of $1.407 billion and a price-to-earnings ratio of 18.33.
Plexus Corp. (NASDAQ:PLXS) last released its earnings data on Thursday, October 24th. The company reported $0.67 earnings per share (EPS) for the quarter, meeting the 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.
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