Barrington analyst Christopher Howe maintained a Hold rating on Methode Electronics (MEI – Research Report) today. The company’s shares opened today at $39.10.
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 9.7% and a 43.41% success rate on recommended stocks.
Methode Electronics has an analyst consensus of Hold, with a price target consensus of $41.00, which is a 4.86% upside from current levels. In a report released on September 1, Robert W. Baird also maintained a Hold rating on the stock with a $41.00 price target.
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The company has a one-year high of $49.43 and a one-year low of $33.91. Currently, Methode Electronics has an average volume of 174.6K.
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.
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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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