Plexus Corp. PT Raised to $42.00 (PLXS)
Stock analysts at RBC Capital hoisted their price target on shares of Plexus Corp. (NASDAQ:PLXS) from $36.00 to $42.00 in a report issued on Thursday, Stock Ratings News reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price indicates a potential upside of 3.22% from the stock’s previous close.
PLXS has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. downgraded shares of Plexus Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Plexus Corp. currently has an average rating of “Hold” and a consensus target price of $38.17.
Shares of Plexus Corp. (NASDAQ:PLXS) traded down 5.68% on Thursday, hitting $40.69. 540,392 shares of the company’s stock traded hands. 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 $1.375 billion and a P/E ratio of 18.28.
Plexus Corp. (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the 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. 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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