Methode Electronics (NYSE:MEI)‘s stock had its “buy” rating restated by equities research analysts at B. Riley in a note issued to investors on Tuesday. They currently have a $49.00 target price on the electronics maker’s stock. B. Riley’s target price would suggest a potential upside of 7.69% from the company’s previous close.
Several other equities research analysts have also issued reports on MEI. BidaskClub upgraded shares of Methode Electronics from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Robert W. Baird reiterated a “buy” rating and issued a $46.00 price target on shares of Methode Electronics in a research note on Tuesday, October 17th. Zacks Investment Research lowered shares of Methode Electronics from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. ValuEngine lowered shares of Methode Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Finally, FBR & Co reiterated a “buy” rating on shares of Methode Electronics in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $49.50.
Shares of Methode Electronics (NYSE:MEI) traded down $0.20 during mid-day trading on Tuesday, reaching $45.50. 189,800 shares of the company’s stock traded hands, compared to its average volume of 216,168. The company has a quick ratio of 3.81, a current ratio of 4.32 and a debt-to-equity ratio of 0.08. Methode Electronics has a 12-month low of $36.05 and a 12-month high of $48.44. The firm has a market cap of $1,682.22, a price-to-earnings ratio of 17.71, a P/E/G ratio of 1.18 and a beta of 0.76.
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About Methode Electronics
Methode Electronics, Inc (Methode) is a manufacturer of component and subsystem devices. The Company designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Company operates through segments, including Automotive, Interface, Power Products and Other.
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