In a report released today, Christopher Howe from Barrington maintained a Hold rating on Methode Electronics (MEI – Research Report). The company’s shares closed yesterday at $40.75.
Howe covers the Industrial Goods sector, focusing on stocks such as Columbus Mckinnon, Standex International, and Commercial Vehicle Group. According to TipRanks, Howe has an average return of 11.7% and a 48.64% success rate on recommended stocks.
Currently, the analyst consensus on Methode Electronics is a Hold with an average price target of $40.00.
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MEI market cap is currently $1.5B and has a P/E ratio of 15.08.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MEI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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