In a report issued on June 23, Luke Junk from Robert W. Baird maintained a Hold rating on Methode Electronics (MEI – Research Report), with a price target of $41.00. The company’s shares closed last Monday at $38.51, close to its 52-week low of $36.26.
According to TipRanks.com, Junk ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -6.6% and a 28.0% success rate. Junk covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings, Littelfuse, and BorgWarner.
Currently, the analyst consensus on Methode Electronics is a Hold with an average price target of $41.00, representing a 7.1% upside. In a report issued on June 16, Barrington also maintained a Hold rating on the stock.
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The company has a one-year high of $50.20 and a one-year low of $36.26. Currently, Methode Electronics has an average volume of 204.5K.
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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. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions for the aerospace, appliance, commercial food service, construction, consumer, material handling, medical, military, mining, point-of-sale, and telecommunications markets. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars, and devices. The Medical segment refers to the medical device business. The company was founded by William Joseph McGinley in 1946 and is headquartered in Chicago, IL.
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