Stifel Nicolaus analyst Matthew Sheerin maintained a Hold rating on Plexus (PLXS – Research Report) today and set a price target of $95.00. The company’s shares closed yesterday at $99.09.
Sheerin covers the Technology sector, focusing on stocks such as Eplus, Vishay Intertechnology, and Pure Storage. According to TipRanks, Sheerin has an average return of 15.7% and a 71.23% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Plexus with a $106.33 average price target.
Based on Plexus’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $982.61 million and a net profit of $29.22 million. In comparison, last year the company earned a revenue of $1.09 billion and had a net profit of $42.19 million
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PLXS in relation to earlier this year.
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Plexus (PLXS) Company Description:
Plexus Corp. engages in the provision of electronic manufacturing services. The firm partners with companies to transform concepts into branded products and deliver them to the market. It has partnerships with customers in the healthcare and life sciences; industrial and commercial; communications; and aerospace and defense market sectors. The company operates through the following geographical segments: Americas (AMER); Europe, Middle East, and Africa (EMEA); and Asia-Pacific (APAC). Plexus was founded by Peter Strandwitz, Shirani Ramin and John L. Nussbaum in 1979 and is headquartered in Neenah, WI.
