Methode Electronics (NYSE:MEI)‘s stock had its “buy” rating restated by research analysts at B. Riley in a research note issued on Tuesday. They currently have a $49.00 price objective on the electronics maker’s stock. B. Riley’s target price points to a potential upside of 7.69% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on MEI. BidaskClub cut shares of Methode Electronics from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Zacks Investment Research cut shares of Methode Electronics from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. ValuEngine cut shares of Methode Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. FBR & Co reiterated a “buy” rating on shares of Methode Electronics in a research note on Thursday, August 31st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $47.00 target price on shares of Methode Electronics in a research note on Sunday, September 24th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Methode Electronics presently has a consensus rating of “Buy” and a consensus price target of $49.50.

Methode Electronics (NYSE MEI) traded down $0.20 during mid-day trading on Tuesday, reaching $45.50. 189,800 shares of the company’s stock were exchanged, compared to its average volume of 216,168. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.32 and a quick ratio of 3.81. Methode Electronics has a one year low of $36.05 and a one year high of $48.44. The company has a market capitalization of $1,682.22, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.18 and a beta of 0.76.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MEI. Wedge Capital Management L L P NC bought a new stake in shares of Methode Electronics in the third quarter valued at about $18,433,000. Denver Investment Advisors LLC acquired a new position in Methode Electronics in the second quarter worth about $15,440,000. Formula Growth Ltd. raised its position in Methode Electronics by 87.1% in the third quarter. Formula Growth Ltd. now owns 280,700 shares of the electronics maker’s stock worth $11,888,000 after purchasing an additional 130,700 shares in the last quarter. New Amsterdam Partners LLC NY acquired a new position in Methode Electronics in the second quarter worth about $5,065,000. Finally, Heartland Advisors Inc. acquired a new position in Methode Electronics in the third quarter worth about $4,894,000. Institutional investors and hedge funds own 89.95% of the company’s stock.

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Methode Electronics Company Profile

Methode Electronics, Inc (Methode) is a manufacturer of component and subsystem devices. The Company designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Company operates through segments, including Automotive, Interface, Power Products and Other.

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