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.
MEI was given price targets by several analysts. The maximum price target given was 49, implying a possible profit of 21.74 percent. The minimum price target given was 41, implying a possible loss of 1.86 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 3.74 percent. The average change in earnings estimates over the last 90 days is -14.62 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.39 percent, compared to last month. 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 have revised their quarterly estimates upwards in the past 30 days, while 2 analysts revised their estimates downwards. 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.
Analysts estimate earnings of MEI to grow at a rate of 0.12 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, 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 trailing 52-weeks, MEI hit 46.40 at the highest peak, while it's lowest trading point was 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 market cap of MEI is $1.48 billion. MEI is estimated to release their earnings results for the quarter on 0000-00-00, days from today.