Plexus - PLXS Stock Forecast, Price & News

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.

Analysts Set New Price Targets

Several brokerages have recently commented on PLXS. Benchmark initiated coverage on Plexus in a report on Wednesday, July 27th. They set a "buy" rating and a $98.00 price objective for the company. Raymond James upgraded Plexus from a "market perform" rating to an "outperform" rating and set a $100.00 target price for the company in a research note on Tuesday, June 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $99.50.

Plexus Stock Performance

PLXS Stock traded up $0.63 during midday trading on Thursday, reaching $95.54. The stock had a trading volume of 3,648 shares, compared to its average volume of 123,746. The stock has a market cap of $2.65 billion, a PE ratio of 22.28 and a beta of 1.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 1.43. The firm has a fifty day simple moving average of $83.30 and a two-hundred day simple moving average of $81.86. Plexus has a 52-week low of $72.88 and a 52-week high of $99.11.

Plexus (NASDAQ:PLXS - Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The technology company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.23. The company had revenue of $981.00 million for the quarter, compared to the consensus estimate of $906.32 million. Plexus had a return on equity of 11.79% and a net margin of 3.43%. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. As a group, equities research analysts anticipate that Plexus will post 4.44 EPS for the current year.

Insiders Place Their Bets

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 550 shares of the stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $83.92, for a total transaction of $46,156.00. Following the sale, the chief accounting officer now directly owns 32,210 shares of the company's stock, valued at approximately $2,703,063.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Todd P. Kelsey sold 2,000 shares of the firm's stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $81.82, for a total transaction of $163,640.00. Following the sale, the chief executive officer now directly owns 123,010 shares in the company, valued at approximately $10,064,678.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Angelo Michael Ninivaggi, Jr. sold 550 shares of the firm's stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $83.92, for a total value of $46,156.00. Following the sale, the chief accounting officer now owns 32,210 shares in the company, valued at $2,703,063.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,272 shares of company stock valued at $2,724,375. Company insiders own 2.17% of the company's stock.