Stock Rating Upgrade
Of late the Value Trend Rating for Plexus Corp (NASDAQ: PLXS) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 12/22/23, Plexus Corp (NASDAQ: PLXS) stock rose modestly by 0.6%, closing at $108.97. However, this advance was accompanied by unusually low trading volume at 50% of normal. Relative to the market the stock has been strong over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
PLXS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Plexus has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Plexus has a neutral Appreciation Score of 46 but a good Power Rating of 83, and the Positive Value Trend Rating results.
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