Plexus Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Plexus in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Plexus stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLXS, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Plexus a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Plexus wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Plexus saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 644,200 shares, a decline of 16.9% from the March 31st total of 775,400 shares. Based on an average daily volume of 144,000 shares, the days-to-cover ratio is presently 4.5 days. Approximately 2.3% of the company's shares are sold short.
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Plexus is scheduled to release its next quarterly earnings announcement on Wednesday, July 28th 2021.
View our earnings forecast for Plexus.

Plexus Corp. (NASDAQ:PLXS) released its quarterly earnings results on Tuesday, April, 20th. The technology company reported $1.49 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.25 by $0.24. The technology company had revenue of $881 million for the quarter, compared to analysts' expectations of $879.88 million. Plexus had a trailing twelve-month return on equity of 13.10% and a net margin of 3.47%. The firm's revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share.
View Plexus' earnings history.

Plexus' stock was trading at $60.68 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PLXS shares have increased by 61.8% and is now trading at $98.18.
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Plexus updated its third quarter 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share guidance of 1.230-1.380 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.210. The company issued revenue guidance of $875 million-$915 million, compared to the consensus revenue estimate of $886.50 million.

5 equities research analysts have issued 12-month target prices for Plexus' stock. Their forecasts range from $78.00 to $102.00. On average, they expect Plexus' stock price to reach $90.80 in the next twelve months. This suggests that the stock has a possible downside of 7.5%.
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80 employees have rated Plexus CEO Todd Kelsey on Glassdoor.com. Todd Kelsey has an approval rating of 77% among Plexus' employees.

Some companies that are related to Plexus include Trimble (TRMB), IPG Photonics (IPGP), Jabil (JBL), Mercury Systems (MRCY), Fabrinet (FN), Sanmina (SANM), Methode Electronics (MEI), TTM Technologies (TTMI), CTS (CTS), Benchmark Electronics (BHE), Park Aerospace (PKE), Neonode (NEON) and Key Tronic (KTCC).
View all of PLXS's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Plexus investors own include Bristol-Myers Squibb (BMY), Pfizer (PFE), Walgreens Boots Alliance (WBA), Berry Global Group (BERY), Cisco Systems (CSCO), Intel (INTC), QUALCOMM (QCOM), FLIR Systems (FLIR), First Solar (FSLR) and Gilead Sciences (GILD).

Plexus trades on the NASDAQ under the ticker symbol "PLXS."

Plexus' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.65%), Dimensional Fund Advisors LP (6.49%), Victory Capital Management Inc. (3.87%), Fiduciary Management Inc. WI (2.87%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.80%) and Massachusetts Financial Services Co. MA (2.61%). Company insiders that own Plexus stock include Angelo Michael Ninivaggi Jr, David J Drury, Dean A Foate, Michael V Schrock, Patrick John Jermain, Peter Kelly, Ralf R Boer, Ronnie Darroch, Scott Theune, Stephen P Cortinovis, Steven J Frisch, Todd P Kelsey and Yong Jin Lim.
View institutional ownership trends for Plexus.

PLXS stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Renaissance Technologies LLC, Northern Trust Corp, Fisher Asset Management LLC, Assenagon Asset Management S.A., Victory Capital Management Inc., Guggenheim Capital LLC, and Credit Suisse AG. Company insiders that have sold Plexus company stock in the last year include Angelo Michael Ninivaggi Jr, Dean A Foate, Michael V Schrock, Patrick John Jermain, Ronnie Darroch, Scott Theune, Steven J Frisch, Todd P Kelsey, and Yong Jin Lim.
View insider buying and selling activity for Plexus or view top insider-selling stocks.

PLXS stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Fiduciary Management Inc. WI, Massachusetts Financial Services Co. MA, Smith Graham & Co. Investment Advisors LP, TD Asset Management Inc., Geode Capital Management LLC, HighTower Advisors LLC, and Scout Investments Inc..
View insider buying and selling activity for Plexus or or view top insider-buying stocks.

Shares of PLXS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PLXS stock can currently be purchased for approximately $98.18.

Plexus has a market capitalization of $2.81 billion and generates $3.39 billion in revenue each year. The technology company earns $117.48 million in net income (profit) each year or $4.08 on an earnings per share basis.

Plexus employs 19,000 workers across the globe.

The official website for Plexus is www.plexus.com.

Plexus is headquartered at One Plexus Way, Neenah WI, 54957.

Plexus' mailing address is One Plexus Way, Neenah WI, 54957. The technology company can be reached via phone at 920-969-6000 or via email at [email protected]