Methode Electronics, Inc. (MEI)
NYSE: MEI · Real-Time Price · USD
9.43
-0.10 (-1.05%)
Oct 29, 2024, 4:00 PM EDT - Market closed
Methode Electronics Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Methode Electronics stock have an average target of 12.5, with a low estimate of 12 and a high estimate of 13. The average target predicts an increase of 32.56% from the current stock price of 9.43.
Analyst Consensus: Hold
* Price targets were last updated on Sep 6, 2024.
Analyst Ratings
The average analyst rating for MEI stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 4 | 4 | 4 | 4 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Baird | Baird | Hold Maintains $15 → $13 | Hold | Maintains | $15 → $13 | +37.86% | Sep 6, 2024 |
| Jefferies | Jefferies | Hold Initiates $12 | Hold | Initiates | $12 | +27.25% | Apr 9, 2024 |
| Sidoti & Co. | Sidoti & Co. | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Mar 7, 2024 |
| Baird | Baird | Hold Maintains $49 → $42 | Hold | Maintains | $49 → $42 | +345.39% | Jun 13, 2023 |
| Barrington Research | Barrington Research | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | May 25, 2023 |
Financial Forecast
Revenue This Year
1.11B
from 1.11B
Decreased by -0.67%
Revenue Next Year
1.18B
from 1.11B
Increased by 6.14%
EPS This Year
-0.33
from -3.48
EPS Next Year
0.94
from -0.33
Revenue Forecast
| Revenue | 2025 | 2026 |
|---|---|---|
| High | 1.2B | 1.3B |
| Avg | 1.1B | 1.2B |
| Low | 1.1B | 1.1B |
Revenue Growth
| Revenue Growth | 2025 | 2026 |
|---|---|---|
| High | 4.6% | 14.1% |
| Avg | -0.7% | 6.1% |
| Low | -5.3% | -0.4% |
EPS Forecast
| EPS | 2025 | 2026 |
|---|---|---|
| High | -0.26 | 1.28 |
| Avg | -0.33 | 0.94 |
| Low | -0.42 | 0.70 |
EPS Growth
| EPS Growth | 2025 | 2026 |
|---|---|---|
| High | - | - |
| Avg | - | - |
| Low | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.