Methanex Corporation (MEOH) – Investment Analysts’ Weekly Ratings Updates

Methanex Corporation (NASDAQ: MEOH) has recently received a number of price target changes and ratings updates:

  • 7/31/2017 – Methanex Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – Methanex Corporation was given a new $60.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
  • 7/28/2017 – Methanex Corporation had its price target lowered by analysts at Cowen and Company from $60.00 to $55.00. They now have an “outperform” rating on the stock.
  • 7/28/2017 – Methanex Corporation had its price target lowered by analysts at Monness Crespi & Hardt from $62.00 to $59.00. They now have a “buy” rating on the stock.
  • 7/28/2017 – Methanex Corporation had its price target lowered by analysts at TD Securities from $56.00 to $54.00. They now have a “buy” rating on the stock.
  • 7/28/2017 – Methanex Corporation was downgraded by analysts at Tudor Pickering from a “buy” rating to a “hold” rating. They now have a $46.00 price target on the stock, down previously from $52.00.
  • 7/27/2017 – Methanex Corporation was given a new $65.00 price target on by analysts at Alembic Global Advisors. They now have a “buy” rating on the stock.
  • 7/27/2017 – Methanex Corporation had its price target raised by analysts at Scotiabank from $53.00 to $95.00. They now have a “sector perform” rating on the stock.
  • 7/18/2017 – Methanex Corporation had its price target lowered by analysts at Royal Bank Of Canada from $54.00 to $50.00. They now have a “sector perform” rating on the stock.
  • 7/17/2017 – Methanex Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Methanex is still exposed to a volatile methanol pricing environment. Moreover, it continues to face headwinds due to curtailment of gas supply. Short-term natural gas supply issues are expected to continue across the company’s Trinidad and Egypt operations. Production outages are also affecting its operations.”
  • 7/13/2017 – Methanex Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/4/2017 – Methanex Corporation was given a new $53.00 price target on by analysts at Scotiabank. They now have a “sector perform” rating on the stock.
  • 6/30/2017 – Methanex Corporation had its “buy” rating reaffirmed by analysts at BMO Capital Markets.
  • 6/16/2017 – Methanex Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/14/2017 – Methanex Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of Methanex Corporation (NASDAQ MEOH) traded up 0.11% on Wednesday, reaching $44.75. 214,787 shares of the company’s stock traded hands. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 17.41 and a beta of 1.78. Methanex Corporation has a 52-week low of $28.17 and a 52-week high of $53.35. The firm’s 50-day moving average is $43.99 and its 200-day moving average is $45.61.

Methanex Corporation (NASDAQ:MEOH) (TSE:MX) last posted its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.08 by $0.23. The firm had revenue of $669 million during the quarter, compared to the consensus estimate of $772.41 million. Methanex Corporation had a return on equity of 12.43% and a net margin of 8.92%. The business’s revenue for the quarter was up 42.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.34) earnings per share. Analysts anticipate that Methanex Corporation will post $3.80 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Saturday, September 16th will be given a $0.30 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.68%. Methanex Corporation’s payout ratio is currently 47.81%.

Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.

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