Methode Electronics (MEI) Getting Somewhat Positive News Coverage, Report Finds

Media stories about Methode Electronics (NYSE:MEI) have been trending somewhat positive on Wednesday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Methode Electronics earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the electronics maker an impact score of 47.0053954187737 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

MEI has been the topic of a number of recent analyst reports. Zacks Investment Research raised Methode Electronics from a “hold” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a research report on Tuesday, November 7th. FBR & Co reissued a “buy” rating on shares of Methode Electronics in a research report on Thursday, August 31st. Robert W. Baird reissued a “buy” rating and set a $47.00 price target on shares of Methode Electronics in a research report on Sunday, September 24th. ValuEngine raised Methode Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Finally, BidaskClub downgraded Methode Electronics from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Methode Electronics currently has a consensus rating of “Buy” and a consensus target price of $49.50.

Shares of Methode Electronics (NYSE:MEI) opened at $45.50 on Wednesday. Methode Electronics has a 1-year low of $36.05 and a 1-year high of $48.44. The stock has a market capitalization of $1,680.00, a P/E ratio of 18.10, a PEG ratio of 1.20 and a beta of 0.76. The company has a current ratio of 4.32, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08.

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About Methode Electronics

Methode Electronics, Inc (Methode) is a manufacturer of component and subsystem devices. The Company designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Company operates through segments, including Automotive, Interface, Power Products and Other.

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