The price of Plexus Corp. (NASDAQ:PLXS) shares last traded on Wall Street rose 2.56% to $106.49.
Based on available information, 7 analysts follow Plexus Corp. (NASDAQ:PLXS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $116.00 and a low of $90.00, we find $111.00. Given the previous closing price of $103.83, this indicates a potential upside of 6.91 percent. PLXS stock price is now 14.80% away from the 50-day moving average and 24.44% away from the 200-day moving average. The market capitalization of the company currently stands at $2.87B.
Among analysts, 2 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $107.17 as their price target over the next twelve months.
With the price target maintained at $85, JP Morgan recently Downgraded its rating from Neutral to Underweight for Plexus Corp. (NASDAQ: PLXS). On July 27, 2022, The Benchmark Company recently initiated its ‘Buy’ rating on the stock quoting a target price of $98, while ‘Raymond James’ rates the stock as ‘Outperform’.
In other news, Jermain Patrick John, Exec. VP & CFO sold 1,833 shares of the company’s stock on Nov 08. The stock was sold for $189,572 at an average price of $103.42. Upon completion of the transaction, the Exec. VP & CFO now directly owns 41,101 shares in the company, valued at $4.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07, President & Chief Strategy Off Frisch Steven J. sold 5,761 shares of the business’s stock. A total of $581,190 was realized by selling the stock at an average price of $100.88. This leaves the insider owning 43,925 shares of the company worth $4.68 million. Insiders disposed of 168,702 shares of company stock worth roughly $17.97 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PLXS stock. A new stake in Plexus Corp. shares was purchased by ALYESKA INVESTMENT GROUP, L.P. during the first quarter worth $10,734,000. SQUAREPOINT OPS LLC invested $1,601,000 in shares of PLXS during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Plexus Corp. valued at approximately $1,458,000. MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. acquired a new stake in PLXS for approximately $1,263,000. CUBIST SYSTEMATIC STRATEGIES, LLC purchased a new stake in PLXS valued at around $1,159,000 in the second quarter.
A candlestick chart of Plexus Corp. (NASDAQ: PLXS) showed a price of $106.00 on Thursday morning. During the past 12 months, Plexus Corp. has had a low of $72.88 and a high of $104.90. As of last week, the company has a debt-to-equity ratio of 0.41, a current ratio of 1.40, and a quick ratio of 0.60. The fifty day moving average price for PLXS is $92.76 and a two-hundred day moving average price translates $85.58 for the stock.
The latest earnings results from Plexus Corp. (NASDAQ: PLXS) was released for Jul, 2022. According to the Electronic Components Company, earnings per share came in at $1.78, beating analysts’ expectations of $1.28 by 0.5. This compares to $0.95 EPS in the same period last year. The net profit margin was 2.90% and return on equity was 10.70% for PLXS. The company reported revenue of $981.34 million for the quarter, compared to $814.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.5 percent. For the current quarter, analysts expect PLXS to generate $1.05B in revenue.
Plexus Corp.(PLXS) Company Profile
Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors. Plexus Corp. was founded in 1979 and is headquartered in Neenah, Wisconsin.