Methode Electronics (NYSE:MEI) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Wednesday, December 5th.

A number of other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Methode Electronics from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Robert W. Baird upgraded shares of Methode Electronics from a “neutral” rating to an “outperform” rating in a research report on Tuesday, December 4th. Finally, TheStreet lowered shares of Methode Electronics from a “b-” rating to a “c+” rating in a research report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Methode Electronics has a consensus rating of “Hold” and an average target price of $37.00.

Shares of MEI stock opened at $23.47 on Wednesday. The company has a current ratio of 2.56, a quick ratio of 1.94 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $888.03 million, a PE ratio of 7.82 and a beta of 1.21. Methode Electronics has a 52-week low of $22.75 and a 52-week high of $45.45.

Methode Electronics (NYSE:MEI) last announced its quarterly earnings results on Thursday, December 6th. The electronics maker reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.08. Methode Electronics had a net margin of 5.27% and a return on equity of 19.33%. The business had revenue of $264.00 million for the quarter, compared to analyst estimates of $269.57 million. During the same quarter in the prior year, the business earned $0.64 EPS. Methode Electronics’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, equities analysts forecast that Methode Electronics will post 2.61 earnings per share for the current year.

Several large investors have recently made changes to their positions in MEI. Integrated Investment Consultants LLC acquired a new position in shares of Methode Electronics during the 2nd quarter worth approximately $113,000. Creative Planning acquired a new position in shares of Methode Electronics during the 2nd quarter worth approximately $202,000. First Hawaiian Bank acquired a new position in shares of Methode Electronics during the 3rd quarter worth approximately $242,000. Quantbot Technologies LP acquired a new position in shares of Methode Electronics during the 3rd quarter worth approximately $263,000. Finally, Laurion Capital Management LP acquired a new position in shares of Methode Electronics during the 2nd quarter worth approximately $278,000. Hedge funds and other institutional investors own 93.33% of the company’s stock.

About Methode Electronics

Methode Electronics, Inc designs, manufactures, and markets component and subsystem devices worldwide. The company operates through four segments: Automotive, Interface, Power Products, and Other. The Automotive segment offers electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.

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