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


The leading market experts have placed a mean price target of $42.17 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 $0.58 a share for the upcoming quarter and $2.30 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 $29.63, and stock is hovering 4.89 or +16.50% distant from $29.63. It is noted that the 200-day MA is $28.69, and Methode Electronics, Inc. Commo stock is $5.83 or +20.32% off from this point. Methode Electronics, Inc. (NYSE:MEI) 52-week high is $37.25 and the 52-week low is $22.72. This explains if the stock moves $-2.73, it will post a 52-week high. In event of $+51.94% points 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 15.69. The stock last ended the trading session at $34.52 and registered a market cap of $1.27B. 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 1.00.

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