PLXS Trading at a Premium: Is Holding the Stock the Best Option Now?

Plexus Corp. (PLXS) is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 22.75X, which positions it at a premium compared to the industry’s average of 18.69X and the S&P 500's 21.78.  Image Source: Zacks Investment ResearchThe stock’s recent gains might have contributed to its elevated P/E multiple. Shares of PLXS have rallied 42.9% over the past six months, outpacing the industry’s and the S&P 500's growth of 37.7% and 3.8%, respectively. Price PerformanceImage Source: Zacks Inves ...