Plexus Corp. (PLXS) Receiving Somewhat Favorable News Coverage, Study Shows

Media coverage about Plexus Corp. (NASDAQ:PLXS) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Plexus Corp. earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.6225918727801 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Several equities analysts have commented on PLXS shares. ValuEngine raised shares of Plexus Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Deutsche Bank AG raised their target price on shares of Plexus Corp. from $50.00 to $54.00 and gave the company a “hold” rating in a report on Friday, July 21st. Stifel Nicolaus reissued a “hold” rating and issued a $54.00 target price (up from $50.00) on shares of Plexus Corp. in a report on Friday, July 21st. J P Morgan Chase & Co lowered shares of Plexus Corp. from an “overweight” rating to a “neutral” rating and set a $62.00 target price on the stock. in a report on Tuesday, October 10th. Finally, Citigroup Inc. raised their target price on shares of Plexus Corp. from $56.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $57.00.

Shares of Plexus Corp. (NASDAQ PLXS) traded up 0.129% during mid-day trading on Monday, reaching $58.085. 69,528 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $55.71 and a 200 day moving average of $53.39. The firm has a market capitalization of $1.95 billion, a P/E ratio of 19.610 and a beta of 0.95. Plexus Corp. has a one year low of $44.35 and a one year high of $59.55.

In other Plexus Corp. news, CAO Angelo Michael Ninivaggi, Jr. sold 8,750 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $49.38, for a total transaction of $432,075.00. Following the completion of the transaction, the chief accounting officer now owns 17,009 shares of the company’s stock, valued at $839,904.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Angelo Michael Ninivaggi, Jr. sold 10,350 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $49.46, for a total value of $511,911.00. Following the transaction, the chief accounting officer now directly owns 17,009 shares of the company’s stock, valued at approximately $841,265.14. The disclosure for this sale can be found here. Insiders have sold 47,724 shares of company stock valued at $2,511,189 in the last three months. Insiders own 4.30% of the company’s stock.

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Plexus Corp. Company Profile

Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company delivers end-to-end solutions for customers in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.

Insider Buying and Selling by Quarter for Plexus Corp. (NASDAQ:PLXS)

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