Analyst Ratings for Methode Electronics Inc. (MEI)

Updated: 2017-07-27

Analysts covering Methode Electronics Inc. (NYSE:MEI) have given it a consensus rating of Overweight. MEI had previously received a consensus rating of Overweight a month ago.

Of the 3 analysts covering the stock, 1 gave it a buy rating, 1 issued an overweight rating, 1 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. During this time, the number of analysts bearish on the stock has increased by 0.

Several price targets were given for MEI by the analysts covering the stock. The highest price target was 49, which equates to a potential upside of 21.74 percent. The most pessimistic analyst gave a price target of 41, implying potential capital losses of 1.86 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Analysts have revised their earnings estimates upwards for this quarter, by about 3.74 percent on average, compared to last month. That number becomes -14.62 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0.39 percent. If we look at the last 90 days instead, we find a net average change of -6.32 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 2 analysts that decreased their estimates. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 2 analysts decreased their estimates.

The growth rate of MEI's earnings is estimated by analysts to be 0.12 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of MEI is 135.25.

MEI has a 52-week high of 46.40 and a 52-week low of 29.85. Today's price is 34.84 percent above the 52-week low, and 13.25 percent below the high. MEI has a price/earnings ratio of 16.23. Investors typically compare the P/E ratio to a company's peers in the industry. The MEI value stock report compares MEI to some of its peers using value stock charts. The market cap of MEI is $1.48 billion. MEI will post this quarters earnings in days, on 0000-00-00.