News articles about Methanex Corporation (NASDAQ:MEOH) (TSE:MX) have been trending positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Methanex Corporation earned a news impact score of 0.28 on Accern’s scale. Accern also assigned media headlines about the specialty chemicals company an impact score of 46.1816071624702 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Methanex Corporation (NASDAQ:MEOH) traded down $0.65 during midday trading on Friday, hitting $51.60. The stock had a trading volume of 504,500 shares, compared to its average volume of 810,747. Methanex Corporation has a fifty-two week low of $37.05 and a fifty-two week high of $53.35. The firm has a market capitalization of $4,385.66, a P/E ratio of 15.88, a PEG ratio of 0.97 and a beta of 1.80. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.17 and a current ratio of 1.59.
Methanex Corporation (NASDAQ:MEOH) (TSE:MX) last posted its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.05. Methanex Corporation had a return on equity of 16.02% and a net margin of 9.81%. The company had revenue of $720.00 million for the quarter, compared to analysts’ expectations of $614.19 million. During the same quarter in the prior year, the company earned ($0.01) earnings per share. The firm’s revenue was up 41.2% on a year-over-year basis. equities research analysts forecast that Methanex Corporation will post 3.59 earnings per share for the current year.
Methanex Corporation declared that its board has approved a stock repurchase plan on Wednesday, July 26th that authorizes the company to buyback 1,660,000 outstanding shares. This buyback authorization authorizes the specialty chemicals company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
Several research analysts recently weighed in on MEOH shares. TD Securities lifted their price target on Methanex Corporation to $71.00 and gave the stock a “buy” rating in a research note on Monday, September 18th. Royal Bank of Canada cut their price objective on Methanex Corporation from $54.00 to $50.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 18th. Zacks Investment Research upgraded Methanex Corporation from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Tuesday, October 3rd. Cowen and Company reaffirmed a “buy” rating and set a $55.00 price objective on shares of Methanex Corporation in a research report on Friday, September 1st. Finally, Scotiabank set a $53.50 price objective on Methanex Corporation and gave the stock a “sector perform” rating in a research report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $54.17.
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Methanex Corporation Company Profile
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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