Plexus Corp. Stock Rating Reaffirmed by Zacks (PLXS)
Plexus Corp. (NASDAQ:PLXS)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Friday. They currently have a $42.00 target price on the stock. Zacks‘s price target indicates a potential upside of 3.83% from the stock’s previous close.
Plexus Corp. (NASDAQ:PLXS) traded up 1.83% on Friday, hitting $41.19. The stock had a trading volume of 364,724 shares. Plexus Corp. has a 1-year low of $31.64 and a 1-year high of $45.53. The stock’s 50-day moving average is $42.40 and its 200-day moving average is $41.4. The company has a market cap of $1.392 billion and a price-to-earnings ratio of 16.73.
Plexus Corp. (NASDAQ:PLXS) last released its earnings data on Wednesday, July 16th. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.02. The company had revenue of $620.50 million for the quarter, compared to the consensus estimate of $616.50 million. During the same quarter last year, the company posted $0.68 earnings per share. Plexus Corp.’s revenue was up 8.5% compared to the same quarter last year. On average, analysts predict that Plexus Corp. will post $2.73 earnings per share for the current fiscal year.
PLXS has been the subject of a number of other recent research reports. Analysts at Longbow Research upgraded shares of Plexus Corp. from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $50.00 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.17.
Plexus Corp. (NASDAQ:PLXS) and its subsidiaries deliver solutions to its customers through its Product Realization Value Stream.
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