Methode Electronics, Inc. (MEI)
NYSE: MEI · IEX Real-Time Price · USD
11.70
-0.60 (-4.88%)
Apr 19, 2024, 3:24 PM EDT - Market open
Methode Electronics Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Methode Electronics stock have an average target of 27, with a low estimate of 12 and a high estimate of 42. The average target predicts an increase of 130.77% from the current stock price of 11.70.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for MEI stock from 4 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 3 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Hold Initiates $12 | Hold | Initiates | $12 | +2.56% | 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 | +258.97% | 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 | +344.44% | Nov 22, 2022 |
Financial Forecast
Revenue This Year
1.11B
from 1.18B
Decreased by -5.90%
Revenue Next Year
1.03B
from 1.11B
Decreased by -7.39%
EPS This Year
-0.40
from 2.14
EPS Next Year
0.22
from -0.40
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.2B | 1.2B | 1.2B |
| Avg | 1.1B | 1.0B | 1.1B |
| Low | 1.1B | 916.8M | 1.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -1.2% | 4.1% | 16.5% |
| Avg | -5.9% | -7.4% | 7.3% |
| Low | -9.6% | -17.4% | -0.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.34 | 0.28 | 1.21 |
| Avg | -0.40 | 0.22 | 1.02 |
| Low | -0.47 | 0.16 | 0.84 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 456.1% |
| Avg | - | - | 367.4% |
| Low | - | - | 288.1% |
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.