Stock Rating Downgrade
The Value Trend Rating for Plexus Corp (NASDAQ: PLXS) weakened in recent days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 12/15/23, Plexus Corp (NASDAQ: PLXS) stock rose modestly by 0.3%, closing at $109.35. Moreover, trading volume in this advance was exceptionally high at 490% of normal. Relative to the market the stock has been strong over the last nine months and has risen 8.4% during the last week.
Current PriceTarget Research Rating
PLXS is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Plexus has a current Value Trend Rating of C (High Neutral). With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing inconsistent signals. Plexus has a neutral Appreciation Score of 45 but a good Power Rating of 82, triggering the High Neutral Value Trend Rating.