Plexus Corp. Given Consensus Rating of “Hold” by Analysts (NASDAQ:PLXS)
Plexus Corp. (NASDAQ:PLXS) has earned an average rating of “Hold” from the ten brokerages that are presently covering the stock, AnalystRatings.NET reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $44.17.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Plexus Corp. in a research note on Friday, July 18th. They now have a $42.00 price target on the stock. Analysts at Longbow Research upgraded shares of Plexus Corp. from a “neutral” rating to a “buy” rating in a research note on Friday, July 18th. They now have a $50.00 price target on the stock.
Shares of Plexus Corp. (NASDAQ:PLXS) opened at 39.77 on Tuesday. Plexus Corp. has a 52-week low of $32.55 and a 52-week high of $45.53. The stock has a 50-day moving average of $41.60 and a 200-day moving average of $41.21. The company has a market cap of $1.342 billion and a price-to-earnings ratio of 16.45.
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. Analysts expect that Plexus Corp. will post $2.74 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.