Methanex (MEOH) – Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Methanex (NASDAQ: MEOH) in the last few weeks:

  • 2/2/2018 – Methanex had its price target raised by analysts at Royal Bank of Canada from $63.00 to $67.00. They now have a “sector perform” rating on the stock.
  • 2/2/2018 – Methanex had its price target raised by analysts at TD Securities from $66.00 to $68.00. They now have a “hold” rating on the stock.
  • 2/2/2018 – Methanex had its price target raised by analysts at Raymond James Financial, Inc. from $60.00 to $63.50. They now have a “market perform” rating on the stock.
  • 2/2/2018 – Methanex had its “buy” rating reaffirmed by analysts at Monness Crespi & Hardt. They now have a $72.00 price target on the stock, up previously from $65.00.
  • 2/1/2018 – Methanex had its “hold” rating reaffirmed by analysts at Scotiabank. They now have a $67.50 price target on the stock.
  • 1/15/2018 – Methanex was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/10/2018 – Methanex had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $69.00 price target on the stock, up previously from $65.00.
  • 1/9/2018 – Methanex was downgraded by analysts at CIBC from an “outperform” rating to a “neutral” rating.
  • 1/9/2018 – Methanex was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/8/2018 – Methanex had its “buy” rating reaffirmed by analysts at Alembic Global Advisors.
  • 1/8/2018 – Methanex was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating. They now have a $66.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/3/2018 – Methanex had its “hold” rating reaffirmed by analysts at Scotiabank. They now have a $63.00 price target on the stock, up previously from $57.50.
  • 1/3/2018 – Methanex had its price target raised by analysts at Jefferies Group LLC to $72.00. They now have a “buy” rating on the stock.
  • 12/22/2017 – Methanex had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $63.00 price target on the stock.
  • 12/22/2017 – Methanex was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 12/19/2017 – Methanex had its price target raised by analysts at TD Securities from $59.00 to $66.00. They now have a “buy” rating on the stock.
  • 12/15/2017 – Methanex was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/14/2017 – Methanex had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $65.00 price target on the stock, up previously from $58.00.

Methanex Co. (MEOH) opened at $54.90 on Friday. The firm has a market cap of $4,854.51, a price-to-earnings ratio of 15.51, a PEG ratio of 0.72 and a beta of 1.73. Methanex Co. has a one year low of $39.47 and a one year high of $64.60. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.25 and a current ratio of 1.66.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued its quarterly earnings results on Wednesday, January 31st. The specialty chemicals company reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.51. The business had revenue of $861.00 million for the quarter, compared to analysts’ expectations of $796.57 million. Methanex had a net margin of 10.34% and a return on equity of 22.72%. The company’s revenue was up 47.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. equities research analysts forecast that Methanex Co. will post 5.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 31st. Stockholders of record on Saturday, March 17th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, March 15th. This is a boost from Methanex’s previous quarterly dividend of $0.30. Methanex’s dividend payout ratio (DPR) is currently 33.90%.

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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