Plexus Corp. VP Sells $488,715 in Stock (PLXS)
Plexus Corp. (NASDAQ:PLXS) VP Michael T. Verstegen sold 12,145 shares of Plexus Corp. stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $40.24, for a total value of $488,714.80. Following the completion of the sale, the vice president now directly owns 14,256 shares of the company’s stock, valued at approximately $573,661. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on PLXS. Analysts at RBC Capital raised their price target on shares of Plexus Corp. from $36.00 to $42.00 in a research note to investors on Thursday, January 16th. They now have a “sector perform” rating on the stock. Separately, 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, January 14th. Finally, 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, January 13th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $38.17.
Shares of Plexus Corp. (NASDAQ:PLXS) traded down 1.17% on Wednesday, hitting $39.61. 167,472 shares of the company’s stock traded hands. Plexus Corp. has a 52 week low of $23.57 and a 52 week high of $44.16. The stock has a 50-day moving average of $41.96 and a 200-day moving average of $37.93. The company has a market cap of $1.338 billion and a price-to-earnings ratio of 16.69.
Plexus Corp. (NASDAQ:PLXS) last announced its earnings results 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 in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Analysts expect that Plexus Corp. will post $2.61 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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