Methode Electronics (MEI) Stock Forecast, Price Target & Predictions
MEI Stock Forecast
Methode Electronics stock forecast is as follows: an average price target of $13.00 (represents a 8.97% upside from MEI’s last price of $11.93) and a rating consensus of 'Hold', based on 8 wall street analysts offering a 1-year stock forecast.
MEI Price Target
The average price target for Methode Electronics (MEI) is $13.00 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $13.00 to $13.00. This represents a potential 8.97% upside from MEI's last price of $11.93.
MEI Analyst Ratings
According to 8 Wall Street analysts, Methode Electronics's rating consensus is 'Hold'. The analyst rating breakdown for MEI stock is 0 'Strong Buy' (0.00%), 2 'Buy' (25.00%), 5 'Hold' (62.50%), 1 'Sell' (12.50%), and 0 'Strong Sell' (0.00%).
Methode Electronics Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 06, 2024 | Luke Junk | Robert W. Baird | $13.00 | $10.34 | 25.73% | 8.97% |
| Apr 09, 2024 | Saree Boroditsky | Jefferies | $12.00 | $12.58 | -4.61% | 0.59% |
| Jun 15, 2022 | Luke Junk | Robert W. Baird | $42.00 | $42.41 | -0.97% | 252.05% |
The latest Methode Electronics stock forecast, released on Sep 06, 2024 by Luke Junk from Robert W. Baird, set a price target of $13.00, which represents a 25.73% increase from the stock price at the time of the forecast ($10.34), and a 8.97% increase from MEI last price ($11.93).
Methode Electronics Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $12.50 |
| Last Closing Price | $11.93 | $11.93 | $11.93 |
| Upside/Downside | -100.00% | -100.00% | 4.78% |
In the current month, the average price target of Methode Electronics stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Methode Electronics's last price of $11.93. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 06, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Sep 06, 2024 | Deutsche Bank | Buy | Upgrade | |
| Sep 06, 2024 | Needham | Neutral | Neutral | Hold |
| Sep 06, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Sep 06, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
| Jul 17, 2024 | Citigroup | Underweight | Underweight | Hold |
| Jul 02, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Apr 09, 2024 | Jefferies | Hold | Initialise |
Methode Electronics's last stock rating was published by Oppenheimer on Sep 06, 2024. The company gave MEI a "Outperform" rating, the same as its previous rate.
Methode Electronics Financial Forecast
Methode Electronics Revenue Forecast
| May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $315.90M | $282.40M | $288.70M | $291.60M | $295.50M | $287.80M | - | $295.30M | $300.80M | - | - | - | $257.20M | $270.20M | $266.00M | $246.90M |
| Avg Forecast | $314.44M | $275.01M | $290.64M | $274.38M | $291.77M | $259.27M | $268.47M | $266.49M | $266.95M | $288.03M | $290.21M | $281.27M | $298.83M | $290.27M | $293.94M | $282.55M | $289.19M | $281.62M | $268.24M | $281.51M | $280.06M | $277.72M | $276.58M | $174.30M | $209.04M | $277.41M | $281.89M | $268.27M | $274.36M | $259.29M |
| High Forecast | $318.42M | $278.49M | $294.32M | $277.85M | $295.47M | $262.48M | $274.41M | $267.07M | $266.95M | $288.03M | $293.89M | $284.83M | $302.62M | $293.94M | $299.07M | $287.49M | $294.25M | $286.54M | $272.93M | $286.43M | $284.96M | $282.57M | $281.41M | $177.35M | $212.70M | $282.26M | $286.82M | $272.96M | $279.15M | $263.82M |
| Low Forecast | $310.64M | $271.69M | $287.13M | $271.06M | $288.25M | $256.07M | $262.53M | $265.91M | $266.95M | $288.03M | $286.70M | $277.87M | $295.22M | $286.76M | $290.90M | $279.64M | $286.21M | $278.71M | $265.48M | $278.61M | $277.17M | $274.85M | $273.73M | $172.50M | $206.89M | $274.55M | $278.98M | $265.50M | $271.52M | $256.61M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.00% | 1.00% | 1.04% | 1.10% | 1.02% | - | 1.06% | 1.09% | - | - | - | 0.91% | 1.01% | 0.97% | 0.95% |
Methode Electronics's average Quarter revenue forecast for Feb 23 based on 1 analysts is $290.27M, with a low forecast of $286.76M, and a high forecast of $293.94M. MEI's average Quarter revenue forecast represents a -8.11% decrease compared to the company's last Quarter revenue of $315.90M (Oct 22).
Methode Electronics EBITDA Forecast
| May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $46.10M | $38.20M | $22.50M | $47.90M | $47.40M | $48.50M | - | $51.30M | $60.20M | - | - | - | $38.20M | $44.50M | $39.50M | $36.70M |
| Avg Forecast | $38.33M | $33.53M | $35.43M | $33.45M | $35.57M | $31.61M | $32.73M | $32.49M | $80.64M | $35.11M | $35.38M | $34.29M | $73.31M | $49.87M | $41.24M | $39.64M | $66.64M | $39.51M | $37.64M | $39.50M | $47.40M | $38.97M | $38.81M | $24.46M | $45.90M | $38.92M | $39.55M | $37.64M | $22.27M | $36.38M |
| High Forecast | $38.82M | $33.95M | $35.88M | $33.87M | $36.02M | $32.00M | $33.45M | $32.56M | $96.76M | $35.11M | $35.83M | $34.72M | $87.97M | $59.85M | $41.96M | $40.34M | $79.97M | $40.20M | $38.29M | $40.19M | $56.88M | $39.65M | $39.48M | $24.88M | $55.08M | $39.60M | $40.24M | $38.30M | $26.72M | $37.02M |
| Low Forecast | $37.87M | $33.12M | $35.00M | $33.05M | $35.14M | $31.22M | $32.01M | $32.42M | $64.51M | $35.11M | $34.95M | $33.88M | $58.64M | $39.90M | $40.82M | $39.24M | $53.31M | $39.11M | $37.25M | $39.09M | $37.92M | $38.56M | $38.41M | $24.20M | $36.72M | $38.52M | $39.14M | $37.25M | $17.81M | $36.01M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | 0.96% | 0.34% | 1.21% | 1.26% | 1.23% | - | 1.32% | 1.55% | - | - | - | 0.97% | 1.18% | 1.77% | 1.01% |
1 analysts predict MEI's average Quarter EBITDA for Feb 23 to be $49.87M, with a high of $59.85M and a low of $39.90M. This is 8.18% upper than Methode Electronics's previous annual EBITDA (Oct 22) of $46.10M.
Methode Electronics Net Income Forecast
| May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $27.60M | $21.50M | $16.20M | $29.40M | $27.50M | $29.10M | - | $31.90M | $38.60M | - | - | - | $23.80M | $28.30M | $22.60M | $30.70M |
| Avg Forecast | $12.38M | $4.84M | $8.51M | $3.70M | $2.34M | $-4.29M | $-5.95M | $-11.00M | $32.17M | $2.96M | $4.02M | $8.05M | $29.24M | $28.93M | $22.58M | $18.07M | $26.58M | $25.51M | $24.44M | $26.21M | $29.48M | $27.63M | $27.28M | $9.21M | $33.59M | $31.41M | $22.44M | $24.56M | $15.29M | $18.89M |
| High Forecast | $12.58M | $4.92M | $8.65M | $3.76M | $2.37M | $-3.28M | $-5.60M | $-10.83M | $38.60M | $2.96M | $4.09M | $8.18M | $35.09M | $34.72M | $23.10M | $18.48M | $31.90M | $26.08M | $25.00M | $26.81M | $35.37M | $28.26M | $27.90M | $9.42M | $40.30M | $32.12M | $22.94M | $25.12M | $18.35M | $19.32M |
| Low Forecast | $12.19M | $4.76M | $8.37M | $3.64M | $2.30M | $-5.05M | $-6.29M | $-11.18M | $25.73M | $2.95M | $3.96M | $7.92M | $23.39M | $23.15M | $22.28M | $17.82M | $21.27M | $25.16M | $24.11M | $25.86M | $23.58M | $27.26M | $26.91M | $9.09M | $26.87M | $30.99M | $22.13M | $24.23M | $12.23M | $18.64M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.22% | 1.19% | 0.61% | 1.15% | 1.13% | 1.11% | - | 1.15% | 1.42% | - | - | - | 1.06% | 1.15% | 1.48% | 1.62% |
Methode Electronics's average Quarter net income forecast for Feb 23 is $28.93M, with a range of $23.15M to $34.72M. MEI's average Quarter net income forecast represents a 4.84% increase compared to the company's last Quarter net income of $27.60M (Oct 22).
Methode Electronics SG&A Forecast
| May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $36.60M | $35.30M | $35.60M | $34.50M | $31.20M | $32.80M | - | $32.40M | $30.80M | - | - | - | $33.20M | $32.40M | $32.60M | $32.80M |
| Avg Forecast | $38.81M | $33.94M | $35.87M | $33.87M | $36.01M | $32.00M | $33.14M | $32.89M | $32.95M | $35.55M | $35.82M | $34.72M | $36.89M | $32.83M | $36.28M | $34.88M | $35.70M | $34.76M | $33.11M | $34.75M | $29.94M | $34.28M | $34.14M | $21.51M | $26.90M | $34.24M | $34.79M | $33.11M | $15.94M | $32.00M |
| High Forecast | $39.30M | $34.37M | $36.33M | $34.30M | $36.47M | $32.40M | $33.87M | $32.96M | $32.95M | $35.55M | $36.27M | $35.16M | $37.35M | $39.39M | $36.91M | $35.49M | $36.32M | $35.37M | $33.69M | $35.35M | $35.93M | $34.88M | $34.74M | $21.89M | $32.28M | $34.84M | $35.40M | $33.69M | $19.13M | $32.56M |
| Low Forecast | $38.34M | $33.53M | $35.44M | $33.46M | $35.58M | $31.61M | $32.40M | $32.82M | $32.95M | $35.55M | $35.39M | $34.30M | $36.44M | $26.26M | $35.91M | $34.52M | $35.33M | $34.40M | $32.77M | $34.39M | $23.95M | $33.93M | $33.79M | $21.29M | $21.52M | $33.89M | $34.44M | $32.77M | $12.75M | $31.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.01% | 1.00% | 0.99% | 0.94% | 0.94% | - | 0.95% | 0.90% | - | - | - | 0.95% | 0.98% | 2.05% | 1.02% |
Methode Electronics's average Quarter SG&A projection for Feb 23 is $32.83M, based on 1 Wall Street analysts, with a range of $26.26M to $39.39M. The forecast indicates a -10.31% fall compared to MEI last annual SG&A of $36.60M (Oct 22).
Methode Electronics EPS Forecast
| May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.76 | $0.59 | $0.44 | $0.80 | $0.73 | $0.77 | - | $0.84 | $1.01 | - | - | - | $0.63 | $0.75 | $0.61 | $0.82 |
| Avg Forecast | $0.35 | $0.14 | $0.24 | $0.10 | $0.07 | $-0.12 | $-0.17 | $-0.31 | $-0.20 | $0.08 | $0.11 | $0.23 | $0.38 | $0.69 | $0.64 | $0.51 | $0.43 | $0.72 | $0.69 | $0.74 | $0.70 | $0.78 | $0.77 | $0.26 | $0.76 | $0.89 | $0.63 | $0.69 | $0.71 | $0.53 |
| High Forecast | $0.35 | $0.14 | $0.24 | $0.11 | $0.07 | $-0.09 | $-0.16 | $-0.31 | $-0.20 | $0.08 | $0.12 | $0.23 | $0.39 | $0.71 | $0.65 | $0.52 | $0.44 | $0.74 | $0.71 | $0.76 | $0.72 | $0.80 | $0.79 | $0.27 | $0.78 | $0.91 | $0.65 | $0.71 | $0.73 | $0.55 |
| Low Forecast | $0.34 | $0.13 | $0.24 | $0.10 | $0.06 | $-0.14 | $-0.18 | $-0.32 | $-0.21 | $0.08 | $0.11 | $0.22 | $0.37 | $0.68 | $0.63 | $0.50 | $0.42 | $0.71 | $0.68 | $0.73 | $0.70 | $0.77 | $0.76 | $0.26 | $0.75 | $0.87 | $0.62 | $0.68 | $0.70 | $0.53 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.19% | 1.16% | 1.03% | 1.11% | 1.06% | 1.04% | - | 1.08% | 1.31% | - | - | - | 0.99% | 1.08% | 0.86% | 1.54% |
According to 1 Wall Street analysts, Methode Electronics's projected average Quarter EPS for Feb 23 is $0.69, with a low estimate of $0.68 and a high estimate of $0.71. This represents a -8.55% decrease compared to MEI previous annual EPS of $0.76 (Oct 22).