Plexus Corp. Rating Lowered to Neutral at Goldman Sachs Group Inc. (PLXS)
Plexus Corp. (NASDAQ:PLXS) was downgraded by stock analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
PLXS has been the subject of a number of other recent research reports. Analysts at Raymond James downgraded shares of Plexus Corp. from a “market perform” rating to an “underperform” rating in a research note to investors on Monday. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $37.17.
Shares of Plexus Corp. (NASDAQ:PLXS) traded up 2.49% on Tuesday, hitting $43.14. The stock had a trading volume of 503,631 shares. Plexus Corp. has a 1-year low of $23.57 and a 1-year high of $44.16. The stock’s 50-day moving average is $41.75 and its 200-day moving average is $37.25. The company has a market cap of $1.458 billion and a price-to-earnings ratio of 17.83.
Plexus Corp. (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $0.61 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.61. The company had revenue of $534.00 million for the quarter, compared to the consensus estimate of $535.04 million. During the same quarter last year, the company posted $0.47 earnings per share. Plexus Corp.’s revenue was up .6% compared to the same quarter last year. On average, analysts predict that Plexus Corp. will post $2.63 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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