Zacks Reiterates “Neutral” Rating for Plexus Corp. (PLXS)
Plexus Corp. (NASDAQ:PLXS)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Monday, AnalystRatingsNetwork.com reports. They currently have a $46.00 target price on the stock. Zacks‘s target price points to a potential upside of 5.70% from the company’s current price.
Plexus Corp. (NASDAQ:PLXS) traded up 2.55% on Monday, hitting $44.63. 170,354 shares of the company’s stock traded hands. Plexus Corp. has a 52-week low of $24.93 and a 52-week high of $44.31. The stock’s 50-day moving average is $40.90 and its 200-day moving average is $40.29. The company has a market cap of $1.512 billion and a price-to-earnings ratio of 18.13.
Plexus Corp. (NASDAQ:PLXS) last released its earnings data on Wednesday, April 16th. The company reported $0.60 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.60. The company had revenue of $557.60 million for the quarter, compared to the consensus estimate of $552.62 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Analysts expect that Plexus Corp. will post $2.68 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Cross Research upgraded shares of Plexus Corp. from a “hold” rating to a “buy” rating in a research note on Monday. Separately, analysts at Needham & Company LLC upgraded shares of Plexus Corp. from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $47.00 price target on the stock. Finally, analysts at Raymond James upgraded shares of Plexus Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.50.
Plexus Corp. (NASDAQ:PLXS) and its subsidiaries delivers solutions to its customers through its Product Realization Value Stream.
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