Robert W. Baird analyst Luke Junk maintained a Hold rating on Methode Electronics (NYSE:) 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:), 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 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.
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