Plexus Corp. (PLXS) Receives Consensus Recommendation of “Hold” from Analysts

Plexus Corp. (NASDAQ:PLXS) has been assigned an average rating of “Hold” from the eleven brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three 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 $59.17.

A number of analysts recently weighed in on the stock. BidaskClub cut shares of Plexus from a “hold” rating to a “sell” rating in a research report on Saturday, December 16th. TheStreet cut shares of Plexus from an “a-” rating to a “c+” rating in a research report on Wednesday, January 17th. Longbow Research raised shares of Plexus from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Zacks Investment Research cut shares of Plexus from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Finally, ValuEngine raised shares of Plexus from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.

Shares of Plexus (NASDAQ PLXS) opened at $59.16 on Tuesday. The company has a market capitalization of $1,990.00, a price-to-earnings ratio of -116.00 and a beta of 0.86. The company has a current ratio of 1.90, a quick ratio of 1.08 and a debt-to-equity ratio of 0.03. Plexus has a twelve month low of $49.06 and a twelve month high of $66.78.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, January 17th. The technology company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.05). The firm had revenue of $677.00 million for the quarter, compared to analyst estimates of $685.07 million. Plexus had a positive return on equity of 11.24% and a negative net margin of 0.57%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.82 earnings per share. research analysts predict that Plexus will post 3.25 earnings per share for the current year.

In other Plexus news, VP Steven J. Frisch sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $62.99, for a total value of $157,475.00. Following the completion of the transaction, the vice president now directly owns 15,478 shares of the company’s stock, valued at approximately $974,959.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Dean A. Foate sold 23,950 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $63.08, for a total transaction of $1,510,766.00. Following the completion of the transaction, the chairman now directly owns 293,370 shares of the company’s stock, valued at $18,505,779.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,650 shares of company stock valued at $3,427,161. 3.70% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of PLXS. Franklin Resources Inc. boosted its position in Plexus by 67.3% in the 4th quarter. Franklin Resources Inc. now owns 1,192,000 shares of the technology company’s stock valued at $72,378,000 after buying an additional 479,300 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in Plexus by 99.7% in the 4th quarter. Thrivent Financial For Lutherans now owns 287,611 shares of the technology company’s stock valued at $17,464,000 after buying an additional 143,561 shares during the last quarter. BlackRock Inc. boosted its position in Plexus by 2.6% in the 4th quarter. BlackRock Inc. now owns 4,313,584 shares of the technology company’s stock valued at $261,921,000 after buying an additional 107,433 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Plexus by 24.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 525,550 shares of the technology company’s stock valued at $29,473,000 after buying an additional 102,575 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Plexus by 60.6% in the 4th quarter. Deutsche Bank AG now owns 138,411 shares of the technology company’s stock valued at $8,401,000 after buying an additional 52,209 shares during the last quarter. 92.66% of the stock is owned by institutional investors.

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Plexus Company Profile

Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company delivers end-to-end solutions for customers in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.

Analyst Recommendations for Plexus (NASDAQ:PLXS)

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