Barrington Research Upgrades Methode Electronics to 'Buy'
Barrington Research raised its target for Methode Electronics to $25, rating it a 'buy', a 31.79% upside from the current price.
Key Points
- Barrington Research upgraded Methode Electronics to 'buy' with a $25 price target on June 29, 2026.
- Barrington Research's $25 price target implies 31.79% upside from Methode Electronics, Inc.'s ($MEI) current $18.97 share price.
- Methode Electronics traded near $19.16 on Monday, with a market cap of approximately $679.6 million and a forward P/E of 29.03.
- Insider buying included Therese Bobek and Mary Lindsey, while BlackRock trimmed its position by 130,172 shares.
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On June 29, 2026, Barrington Research upgraded Methode Electronics, Inc. (NYSE: MEI) to a 'buy' rating, setting a new price target of $25. This change was made by analyst Gary Prestopino and reflects a positive outlook for the company.
Methode Electronics, Inc. Stock Up 4.2%
Shares of NYSE:MEI traded near $19.16 on Monday. Methode Electronics has a market cap of about $679.6 million. The company carries a forward P/E ratio of 29.03 and a beta of 1.586, indicating its volatility compared to the market. The stock's 52-week range is between $4.88 and $19.35, with a 50-day moving average of $10.75 and a 200-day moving average of $8.11.
$MEI price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Methode Electronics reported revenue of $1.02 billion, with a growth rate of 15.9%. Despite this, the company posted a net margin of -3.5% and a return on equity of -5.2%, indicating profitability challenges. The next earnings report is anticipated on September 8, 2026.
Dividend
The company offers an annual dividend rate of $0.20 per share, yielding 1.04%. The dividend payout ratio stands at 36.36%, reflecting the portion of earnings returned to shareholders.
Insider Buying and Selling at Methode Electronics, Inc.
Recent insider activity includes several purchases on May 1, 2026. Therese Bobek, Mary Lindsey, Mark Schwabero, and Brian Cadwallader each bought shares at an average price of $8.63. General Counsel Kerry Vyverberg sold 1,801 shares on May 2, 2026, not under a pre-planned trading scheme.
Analysts Set New Price Targets
On June 29, 2026, Barrington Research upgraded Methode Electronics to a 'buy' with a $25 price target. Previously, on June 26, 2026, Sidoti & Co. downgraded the stock to 'hold' with a $17 target, while Baird maintained a 'hold' rating with a $16 target. The consensus recommendation is to 'hold', with a mean target price of $16.50 among analysts.
About Methode Electronics
Methode Electronics, Inc., headquartered in Southfield, Michigan, designs and manufactures mechatronic products. It operates in segments like Automotive, Industrial, Interface, and Medical, serving markets across North America, Europe, and Asia. The company, led by CEO Jonathan B. DeGaynor, employs around 6,650 people and offers solutions in automotive electronics, industrial lighting, and data communication.
Bottom Line
Barrington Research's upgrade of Methode Electronics to a 'buy' with a $25 target reflects renewed optimism in the company's prospects. Investors often watch these analyst ratings for insights, though it's important to remember that such recommendations are based on past data and projections. As always, decisions should consider current market conditions.
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