Plexus Corp. (NASDAQ:PLXS – Get Rating) EVP Ronnie Darroch sold 2,770 shares of Plexus stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $107.30, for a total value of $297,221.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Plexus Stock Performance
Shares of NASDAQ PLXS opened at $107.04 on Tuesday. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 21.93 and a beta of 1.11. The company has a current ratio of 1.40, a quick ratio of 0.60 and a debt-to-equity ratio of 0.17. Plexus Corp. has a 1-year low of $72.88 and a 1-year high of $107.89. The stock’s 50-day moving average is $94.99 and its 200 day moving average is $89.04.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on PLXS shares. Needham & Company LLC lifted their price target on Plexus from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, October 28th. Raymond James lifted their price target on Plexus from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 28th. JPMorgan Chase & Co. downgraded Plexus from a “neutral” rating to an “underweight” rating and set a $85.00 price target for the company. in a research report on Friday, August 12th. StockNews.com began coverage on Plexus in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Benchmark raised their price objective on Plexus to $110.00 in a report on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $105.50.
Hedge Funds Weigh In On Plexus
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.
- Get a free copy of the StockNews.com research report on Plexus (PLXS)
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