Methode Electronics – Consensus Indicates Potential 23.1% Upside

Broker Ratings

Methode Electronics with ticker code (MEI) have now 4 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 57 and 49 and has a mean target at $51.75. Now with the previous closing price of $42.05 and the analysts are correct then we can expect a percentage increase in value of 23.1%. Also worth taking note is the 50 day moving average now sits at $47.36 while the 200 day moving average is $42.57. The market cap for the company is $1,489m. Visit the company website at:

The potential market cap would be $1,832m based on the market consensus.

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Methode Electronics designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers. Its products include integrated center consoles, hidden switches, ergonomic switches, transmission lead-frames, and LED-based lighting and sensors, which incorporate magneto-elastic sensing and other technologies that monitor the operation or status of a component or system. The Industrial segment manufactures lighting solutions; industrial safety radio remote controls; braided flexible cables; current-carrying laminated busbars and devices; custom power-product assemblies, such as PowerRail solution; high-current low-voltage flexible power cabling systems; and powder-coated busbars that are used in various markets and applications comprising aerospace, cloud computing, commercial vehicles, industrial, military, power conversion, and transportation. The Interface segment provides various copper-based transceivers and related accessories for the cloud computing hardware equipment and telecommunications broadband equipment markets; user interface solutions for the appliance, commercial food service, and point-of-sale equipment markets; and fluid-level sensors for the marine/recreational vehicle and sump pump markets. The Medical segment offers Dabir Surfaces, a surface support technology aimed at pressure injury prevention for use by patients who are immobilized or otherwise at risk for pressure injuries, including patients undergoing long-duration surgical procedures. Methode Electronics was incorporated in 1946 and is headquartered in Chicago, Illinois.

The company has a dividend yield of 1.35% with the ex dividend date set at 12-1-2023 (DMY).

Other points of data to note are a P/E ratio of 17.6, revenue per share of 32.19 and a 4.48% return on assets.

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