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.
Many analysts weighed in on price targets for MEI. The most optimistic price target was 49, implying a possible profit of 21.74 percent. The most pessimistic price target was 41, which equates to a potential downside 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. Meanwhile, fiscal year estimates have been revised upwards by 0.39 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -6.32 percent.
People are often interested in whether analysts were united in the direction of their revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts revised their estimates downwards. Over the same time period, 1 analysts revised their FY earnings estimates upwards, while 2 analysts decreased their estimates.
Analysts estimate earnings of MEI to grow at a rate of 0.12 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. 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. Currently the stock is 34.84 percent higher than its low, and below the high by 13.25 percent. 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's next earnings release will be on 0000-00-00, which is days away.