Stock To Watch: Methode Electronics, Inc. (NYSE:MEI)


The leading market experts have placed a mean price target of $42.1700 on Methode Electronics, Inc. (NYSE:MEI) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.5800 a share for the upcoming quarter and $2.3000 for the current fiscal.

Technical View

The technical analysis of Methode Electronics, Inc. Commo plainly substantiates that the 50-day moving average of Methode Electronics, Inc. Commo is $34.4014, and stock is trading $1.8261 points away or +5.3082% from its 50-day moving average of $34.4014. Further it is trading $6.4101 or +21.4979% away its 200-day moving average of $29.8174. Methode Electronics, Inc. (NYSE:MEI) 52-week high is $37.2500 and the 52-week low is $22.7200.

This explains if the stock moves $-1.0225, it will post a 52-week high. In event of +59.4520% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Methode Electronics, Inc. Commo, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Methode Electronics, Inc. (NYSE:MEI) ratio came in at 16.4670.

The stock last ended the trading session at $36.2275 and registered a market cap of $1.33B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Methode Electronics, Inc. (NYSE:MEI) PEG ratio is at 1.0400.

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