Sidoti Downgrades Methode Electronics to Hold
Sidoti has downgraded Methode Electronics to a hold rating, setting a new price target of $17, a 12.46% downside from the current price.
Key Points
- Sidoti downgraded Methode Electronics to a hold rating with a $17 price target on June 26, 2026.
- Sidoti's $17 price target implies 12.46% downside from Methode Electronics, Inc.'s ($MEI) current $19.42 share price.
- Shares of NYSE:MEI traded at $18.0 on Friday with a market cap of $638.5 million.
- Insiders recently bought shares, and other analysts like Baird maintain a hold rating.
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Sidoti has downgraded Methode Electronics, Inc. (NYSE: MEI) to a hold rating, setting a new price target of $17. This adjustment was announced on June 26, 2026, by analyst John Franzreb.
Methode Electronics, Inc. Stock Up 6.6%
Shares of NYSE:MEI traded near $18.0 on Friday. Methode Electronics has a market cap of approximately $638.5 million, with a forward P/E ratio of 25.7 and a beta of 1.586. The stock has seen a 52-week low of $4.88 and a high of $18.47. Its 50-day moving average is $10.51, while the 200-day moving average is $8.05. The company maintains a current ratio of 2.411 and a quick ratio of 1.451, with a debt-to-equity ratio of 54.489.
$MEI price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Methode Electronics reported revenue of $978.2 million, with a slight revenue decline of 2.6%. The company is not currently profitable, with a net margin of -6.58% and a return on equity of -9.34%. The next earnings report is expected on June 24, 2026.
Dividend
The company pays an annual dividend rate of $0.20, yielding 1.53%. Its dividend payout ratio is 36.36%.
Insider Buying and Selling at Methode Electronics, Inc.
Insider activity at Methode Electronics shows some buying interest. On May 1, 2026, several insiders, including Mary Lindsey and Mark Schwabero, purchased shares at an average price of $8.63. Kerry Vyverberg, General Counsel, sold 1,801 shares on May 2, 2026, at the same price.
Analysts Set New Price Targets
On June 26, 2026, Sidoti & Co. downgraded Methode Electronics to a hold rating, setting a price target of $17. Also on the same day, Baird maintained its hold rating with a $16 target. The consensus among analysts is a buy, with a mean target price of $11.25.
About Methode Electronics
Methode Electronics, Inc., headquartered in Southfield, Michigan, designs and manufactures mechatronic products. The company operates in the automotive, industrial, and interface segments, providing solutions like electronic and electro-mechanical devices, lighting solutions, and high-speed digital communication products. Under the leadership of CEO Jonathan B. DeGaynor, Methode serves various markets including automotive, aerospace, and data centers, employing around 6,500 people.
Bottom Line
Sidoti's recent downgrade of Methode Electronics reflects a more cautious stance on the company's stock. Investors often follow these ratings closely, although it's important to remember that these are based on past data and may not reflect the current market conditions.
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