Plexus Corp. Given Consensus Recommendation of “Hold” by Brokerages (NASDAQ:PLXS)
Plexus Corp. (NASDAQ:PLXS) has earned a consensus rating of “Hold” from the ten analysts that are currently covering the stock, StockRatingsNetwork reports. One 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. The average 1-year target price among analysts that have covered the stock in the last year is $44.17.
Shares of Plexus Corp. (NASDAQ:PLXS) opened at 39.54 on Tuesday. Plexus Corp. has a 1-year low of $32.55 and a 1-year high of $45.53. The stock has a 50-day moving average of $41.21 and a 200-day moving average of $41.17. The company has a market cap of $1.334 billion and a P/E ratio of 16.41.
Plexus Corp. (NASDAQ:PLXS) last released its earnings data on Wednesday, July 16th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts expect that Plexus Corp. will post $2.74 EPS for the current fiscal year.
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.
Plexus Corp. (NASDAQ:PLXS) and its subsidiaries deliver solutions to its customers through its Product Realization Value Stream.
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