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 most optimistic price target was 49, implying potential capital gains 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.

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.

Another thing investors often look at is the level of agreement among analysts' revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 2 analysts that decreased their estimates. Over the same time period, 1 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.

The growth rate of MEI's earnings is estimated by analysts to be 0.12 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 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 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.