Plexus Corp. Upgraded by Longbow Research to “Buy” (PLXS)
Plexus Corp. (NASDAQ:PLXS) was upgraded by Longbow Research from a “neutral” rating to a “buy” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
PLXS has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Plexus Corp. in a research note on Monday, June 30th. They now have a $45.00 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $43.60.
Shares of Plexus Corp. (NASDAQ:PLXS) opened at 40.45 on Friday. 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 $1.372 billion and a P/E ratio of 17.53.
Plexus Corp. (NASDAQ:PLXS) last posted its quarterly earnings results 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. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.