Price Target Review on Shares of Plexus Corp. (NASDAQ:PLXS)

Investors may be tracking sell-side analyst opinions on shares of Plexus Corp. (NASDAQ:PLXS). According to analysts polled by Zacks Research, the current consensus target price is $63.5. Analysts and financial institutions may use different methods to value a particular stock. Because of the use of alternate methods, individual price targets may be widely varied. Viewing the consensus target price can help provide a general sense of where the sell-side sees the stock heading in the future. Investors can take a look at the target projections and decide for themselves if they agree with the Street. Investors tend to take a closer look at shares when analysts provide update to price targets. 

Investors are frequently looking for any possible way to get a leg up in the market. This may involve committing to plan that will hopefully outperform the market and maximize profits. Many investors will choose to employ top-down analysis. Top-down analysis involves examining the big picture of the economy and the world of finance. After studying global economic conditions, investors may then analyze different sectors that are possibly well positioned to beat the market. After identifying the sector or sectors, investors may then do further analysis of stocks within the specific industry in order to find firms that are successful and primed for growth. Other individual investors may choose to go with bottom-up analysis when looking for stock to add to the portfolio. The bottom-up approach takes the emphasis off of the power and significance of market and economic cycles. Investors may focus on individual companies and not worry so much about the specific industry or economy in general. 

Street analysts often provide stock recommendations for companies that they track. According to analysts polled by Zacks Research, the current average rating on shares of Plexus Corp. (NASDAQ:PLXS) is 2.5. This average rating includes analysts who have given Buy, Sell and Hold ratings on the name. This rating uses a numerical scale from 1 to 5. A 1 would indicate a Buy recommendation, and a score of 5 would point to a Sell recommendation. Out of all the analysts offering recommendations, 1 have rated the stock a Strong Buy or Buy.

Covering analysts are looking for Plexus Corp. (NASDAQ:PLXS) to report a current quarter EPS of 0.9 when the company issues their next earnings report. This is the consensus estimate using analysts taken into consideration by Zacks Research. This estimate includes 2 sell-side analysts. For the previous reporting period, the company posted a quarterly EPS of 0.79. Investors will be closely tracking how close the actual comes to the consensus estimate after the next report. Analysts covering the stock are usually very busy during earnings periods. Before the release, they might be revising estimates. After the earnings release, they will closely review the information and update accordingly.

Looking at some recent stock price activity for Plexus Corp. (NASDAQ:PLXS), we have spotted shares trading near the $57.51 level. Looking at some popular historical levels, we note that the 52-week high is presently $65.87, and the 52-week low is currently $54.7. When the stock is trading close to the 52-week high or 52-week low, investors may pay extra attention to see if there will be a move through that level. Looking back over the last 12 weeks, the stock has moved -8.96%. Heading back to the start of the year, we can see that shares have moved -5.29%. Over the past 4 weeks, shares have seen a change of -8.69%. Over the last 5 trading sessions, the stock has moved -4.6%.

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