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.

Investment analysts gave a few price targets for MEI. 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 a possible loss of 1.86 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 3.74 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -14.62 percent. 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. Over the past month, 1 analysts increased their quarterly estimates, while 2 analysts made negative revisions. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 2 analysts that revised their FY estimates downwards.

The growth rate of MEI's earnings is estimated by analysts to be 0.12 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of MEI is 135.25.

In the last 52-weeks, MEI has achieved a high of 46.40 and a low of 29.85. Currently the stock is 34.84 percent higher than its low, and 13.25 percent lower than its 52-week high. MEI has a P/E 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 stock has a market capitalization of $1.48 billion. MEI will post this quarters earnings in days, on 0000-00-00.