Analyst Revises Methode Electronics, Inc. (NYSE:MEI) Stock Target


Methode Electronics, Inc. (NYSE:MEI) mean price target has been set at $38.380 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.580 in the near-term quarter and $2.300 for the ongoing fiscal. The market cap of Methode Electronics, Inc. Commo was recorded at $1.28B after the stock closed at $34.705 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Methode Electronics, Inc. (NYSE:MEI) has a P/E ratio of 15.775. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Methode Electronics, Inc. (NYSE:MEI) PEG ratio sits at 0.970. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Methode Electronics, Inc. Commo visibly illustrates that the 50-day MA of Methode Electronics, Inc. Commo is $30.510, and stock is trading 4.195 or +13.750% distant from $30.510. The 200-day MA is $28.661, and this price is $6.044 or +21.086% off from current level. Methode Electronics, Inc. (NYSE:MEI) 52-week high is $37.250 and the 52-week low is $22.720. This represents that if the stock moves $-2.545 points up on the chart to make a 52-week high. But, if it declines $+52.751%, then the shares price can hit a new 52-week low.

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