B. Riley reiterated their buy rating on shares of Methode Electronics (NYSE:MEI) in a report released on Tuesday. They currently have a $49.00 target price on the electronics maker’s stock.

Other equities analysts have also issued reports about the company. Robert W. Baird reaffirmed a buy rating and set a $46.00 target price on shares of Methode Electronics in a report on Tuesday, October 17th. ValuEngine lowered Methode Electronics from a buy rating to a hold rating in a report on Thursday, August 24th. Zacks Investment Research lowered Methode Electronics from a hold rating to a sell rating in a report on Wednesday, August 23rd. BidaskClub lowered Methode Electronics from a sell rating to a strong sell rating in a report on Saturday, August 12th. Finally, FBR & Co reaffirmed a buy rating on shares of Methode Electronics in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $49.50.

Shares of Methode Electronics (NYSE:MEI) traded down $0.20 during trading on Tuesday, reaching $45.50. The company had a trading volume of 189,800 shares, compared to its average volume of 216,168. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.81 and a current ratio of 4.32. The company has a market capitalization of $1,682.22, a price-to-earnings ratio of 17.71, a P/E/G ratio of 1.18 and a beta of 0.76. Methode Electronics has a 1 year low of $36.05 and a 1 year high of $48.44.

Large investors have recently bought and sold shares of the company. Piermont Capital Management Inc. bought a new position in Methode Electronics in the 2nd quarter worth approximately $938,000. Chicago Equity Partners LLC grew its holdings in Methode Electronics by 160.3% in the 2nd quarter. Chicago Equity Partners LLC now owns 19,260 shares of the electronics maker’s stock worth $794,000 after buying an additional 11,860 shares in the last quarter. Marshall Wace North America L.P. bought a new position in Methode Electronics in the 2nd quarter worth approximately $1,871,000. Vanguard Group Inc. grew its holdings in Methode Electronics by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,194,454 shares of the electronics maker’s stock worth $131,612,000 after buying an additional 22,852 shares in the last quarter. Finally, LSV Asset Management grew its holdings in Methode Electronics by 101.5% in the 2nd quarter. LSV Asset Management now owns 105,800 shares of the electronics maker’s stock worth $4,358,000 after buying an additional 53,300 shares in the last quarter. 89.95% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Methode Electronics’ (MEI) “Buy” Rating Reaffirmed at B. Riley” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/12/06/methode-electronics-mei-buy-rating-reaffirmed-at-b-riley.html.

Methode Electronics Company Profile

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.

Receive News & Stock Ratings for Methode Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methode Electronics Inc. and related stocks with our FREE daily email newsletter.