Shares of Plexus Corp. (NASDAQ:PLXS – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the four brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $162.33.
PLXS has been the topic of several analyst reports. Stifel Nicolaus increased their price target on Plexus from $136.00 to $150.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. StockNews.com upgraded Plexus from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. KeyCorp started coverage on shares of Plexus in a report on Tuesday, October 22nd. They set a “sector weight” rating for the company. Needham & Company LLC increased their price target on shares of Plexus from $162.00 to $172.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Plexus in a report on Wednesday, January 22nd.
View Our Latest Report on Plexus
Insiders Place Their Bets
Institutional Trading of Plexus
Several large investors have recently bought and sold shares of PLXS. Quarry LP boosted its holdings in shares of Plexus by 573.5% during the 3rd quarter. Quarry LP now owns 229 shares of the technology company’s stock worth $31,000 after purchasing an additional 195 shares during the last quarter. R Squared Ltd acquired a new position in Plexus during the fourth quarter worth $45,000. USA Financial Formulas purchased a new stake in Plexus in the 4th quarter valued at $56,000. Point72 DIFC Ltd purchased a new position in shares of Plexus during the 3rd quarter worth $51,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Plexus during the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.
Plexus Stock Performance
Shares of PLXS opened at $141.71 on Thursday. The stock has a 50-day moving average of $160.77 and a two-hundred day moving average of $143.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.53. The stock has a market cap of $3.84 billion, a P/E ratio of 32.88 and a beta of 0.91. Plexus has a one year low of $90.18 and a one year high of $172.89.
Plexus (NASDAQ:PLXS – Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. As a group, research analysts predict that Plexus will post 5.97 EPS for the current year.
About Plexus
Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.
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