Methode Electronics, Inc. (MEI)
NYSE: MEI · IEX Real-Time Price · USD
10.00
-0.03 (-0.30%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Methode Electronics Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for Methode Electronics stock has a target of 12, which predicts an increase of 20.00% from the current stock price of 10.00.
Analyst Consensus: Hold
* Price targets were last updated on Apr 9, 2024.
Analyst Ratings
The average analyst rating for MEI stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 3 | 4 | 4 | 4 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 4 | 4 | 4 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Hold Initiates $12 | Hold | Initiates | $12 | +20.00% | 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 | +320.00% | Jun 13, 2023 |
| Barrington Research | Barrington Research | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | May 25, 2023 |
| Jefferies | Jefferies | Strong Buy Initiates $52 | Strong Buy | Initiates | $52 | +420.00% | Nov 22, 2022 |
Financial Forecast
Revenue This Year
1.11B
from 1.18B
Decreased by -5.73%
Revenue Next Year
1.05B
from 1.11B
Decreased by -5.22%
EPS This Year
-0.41
from 2.14
EPS Next Year
0.19
from -0.41
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.2B | 1.2B | 1.2B |
| Avg | 1.1B | 1.1B | 1.1B |
| Low | 1.1B | 918.7M | 1.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -1.2% | 3.9% | 13.7% |
| Avg | -5.7% | -5.2% | 6.0% |
| Low | -9.6% | -17.4% | -3.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.34 | 0.28 | 1.21 |
| Avg | -0.41 | 0.19 | 1.01 |
| Low | -0.47 | 0.14 | 0.84 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 522.7% |
| Avg | - | - | 421.7% |
| Low | - | - | 334.6% |
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.