Topeka Capital Analysts Begin Coverage on Plexus (PLXS)

By admin | 6 years ago

Topeka Capital initiated coverage on shares of Plexus (NASDAQ: PLXS) in a research note issued on Friday. The firm set a “sell” rating on the stock.

PLXS has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Plexus in a research note to investors on Tuesday, May 29th. They now have a $30.00 price target on the stock. Separately, analysts at Needham & Company reiterated a “buy” rating on shares of Plexus in a research note to investors on Friday, April 20th.

Shares of Plexus traded up 1.53% during mid-day trading on Friday, hitting $27.14. Plexus has a one year low of $21.06 and a one year high of $38.50. The company has a market cap of $949.4 million and a P/E ratio of 12.28.

Plexus last issued its quarterly earnings data on Wednesday, April 18th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.02. Plexus’s revenue was up 1.0% compared to the same quarter last year. On average, analysts predict that Plexus will post $0.68 earnings per share next quarter.

Plexus Corp. (Plexus), along with its subsidiaries, provide optimized product realization solutions through a product realization value stream service model.

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