Plexus Corp. Receives Neutral Rating from Zacks (PLXS)
Plexus Corp. (NASDAQ:PLXS)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Monday. They currently have a $45.00 price target on the stock. Zacks‘s target price indicates a potential upside of 4.94% from the stock’s previous close.
A number of other firms have also recently commented on PLXS. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Plexus Corp. in a research note on Monday, April 21st. They now have a $48.00 price target on the stock. Separately, analysts at Cross Research upgraded shares of Plexus Corp. from a “hold” rating to a “buy” rating in a research note on Monday, April 21st. Finally, analysts at Needham & Company LLC upgraded shares of Plexus Corp. from a “hold” rating to a “buy” rating in a research note on Monday, April 21st. They now have a $47.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Plexus Corp. has a consensus rating of “Hold” and an average target price of $43.00.
Shares of Plexus Corp. (NASDAQ:PLXS) traded down 0.35% on Monday, hitting $42.73. 48,241 shares of the company’s stock traded hands. Plexus Corp. has a 52-week low of $29.57 and a 52-week high of $45.53. The stock has a 50-day moving average of $41.82 and a 200-day moving average of $41.36. The company has a market cap of $1.449 billion and a P/E ratio of 17.87.
Plexus Corp. (NASDAQ:PLXS) last released its earnings data on Wednesday, April 16th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Analysts expect that Plexus Corp. will post $2.69 EPS for the current fiscal year.
Plexus Corp. (NASDAQ:PLXS) and its subsidiaries deliver solutions to its customers through its Product Realization Value Stream.
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