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Robert W. Baird Stick to Their Hold Rating for Methode Electronics

Oct 15, 2021 05:10AM ET
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Robert W. Baird analyst Luke Junk maintained a Hold rating on Methode Electronics (NYSE:MEI) on Tuesday, setting a price target of $49, which is approximately 15.62% above the present share price of $42.38.

Junk expects Methode Electronics to post earnings per share (EPS) of $0.77 for the fourth quarter of 2021.

The current consensus among 1 TipRanks analysts is for a Hold rating of shares in Methode Electronics, with an average price target of $49.
The analysts price targets range from a high of $49 to a low of $49.

In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $287.8 million and a net profit of $34.1 million. The company's market cap is $1.62 billion.

According to TipRanks.com, Robert W. Baird analyst Luke Junk is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 8.6% and a 76.27% success rate.

Methode Electronics, Inc. engages in the manufacture of component and subsystem devices. It operates through the following segments: Automotive, Interface (NASDAQ:TILE), Industrial, and Medical. The Automotive segment supplies electronic and electromechanical devices, and related products to automobile original equipment manufacturers. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions for the aerospace, appliance, commercial food service, construction, consumer, material handling, medical, military, mining, point-of-sale, and telecommunications markets. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars, and devices. The Medical segment refers to the medical device business. The company was founded by William Joseph McGinley in 1946 and is headquartered in Chicago, IL.

Robert W. Baird Stick to Their Hold Rating for Methode Electronics
 

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