Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Equities research analysts at Jefferies Group boosted their FY2017 EPS estimates for Methanex in a report released on Wednesday, Zacks Investment Research reports. Jefferies Group analyst L. Alexander now anticipates that the company will earn $4.85 per share for the year, up from their previous forecast of $4.84. Jefferies Group also issued estimates for Methanex’s Q1 2018 earnings at $1.99 EPS, Q2 2018 earnings at $1.34 EPS, Q3 2018 earnings at $0.91 EPS, FY2018 earnings at $5.50 EPS, FY2019 earnings at $4.25 EPS and FY2020 earnings at $2.56 EPS.
Several other equities research analysts have also commented on MX. TD Securities boosted their price target on shares of Methanex to C$75.50 and gave the stock a “buy” rating in a report on Friday, October 27th. Scotiabank reissued a “sector perform” rating and issued a C$67.00 price target on shares of Methanex in a report on Wednesday, October 18th. BMO Capital Markets reissued an “outperform” rating and issued a C$57.00 price target on shares of Methanex in a report on Monday, September 18th. Raymond James Financial lowered shares of Methanex from an “outperform” rating to a “market perform” rating and set a C$77.00 price target for the company. in a report on Tuesday, October 31st. Finally, Royal Bank of Canada boosted their price target on shares of Methanex to C$73.00 and gave the stock a “sector perform” rating in a report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$72.00.
Methanex (TSE:MX) opened at C$76.30 on Friday. The firm has a market cap of $6,390.00, a P/E ratio of 19.82 and a beta of 1.43. Methanex has a 1-year low of C$52.63 and a 1-year high of C$80.61.
In other news, Director Dean Richardson sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of C$49.93, for a total transaction of C$74,895.00. Also, Director John Floren sold 450 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of C$65.32, for a total transaction of C$29,394.00. In the last three months, insiders have sold 29,550 shares of company stock worth $2,039,009.
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Methanex 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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