Methode Electronics (NYSE:MEI – Get Rating) had its target price decreased by equities researchers at Robert W. Baird from $52.00 to $49.00 in a report issued on Monday, The Fly reports. Robert W. Baird’s price target indicates a potential upside of 16.53% from the company’s current price.
Separately, Jefferies Financial Group began coverage on shares of Methode Electronics in a report on Tuesday, November 22nd. They issued a “buy” rating and a $52.00 target price on the stock.
Methode Electronics Stock Up 1.7 %
Shares of NYSE:MEI opened at $42.05 on Monday. The firm’s 50 day moving average price is $47.62 and its 200 day moving average price is $43.75. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 18.28 and a beta of 1.14. Methode Electronics has a fifty-two week low of $33.91 and a fifty-two week high of $51.38. The company has a quick ratio of 2.60, a current ratio of 3.51 and a debt-to-equity ratio of 0.21.
Hedge Funds Weigh In On Methode Electronics
About Methode Electronics
Methode Electronics, Inc engages in the manufacture of component and subsystem devices. It operates through the following segments: Automotive, Interface, Industrial, and Medical. The Automotive segment supplies electronic and electromechanical devices, and related products to automobile original equipment manufacturers.
- Get a free copy of the StockNews.com research report on Methode Electronics (MEI)
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