Methanex (NASDAQ:MEOH) Rating Reiterated by Alembic Global Advisors

Methanex (NASDAQ:MEOH) (TSE:MX)‘s stock had its “buy” rating restated by investment analysts at Alembic Global Advisors in a note issued to investors on Monday, January 8th.

A number of other brokerages also recently weighed in on MEOH. BidaskClub raised shares of Methanex from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Scotiabank reiterated a “hold” rating and set a $63.00 price target (up from $57.50) on shares of Methanex in a research report on Wednesday, January 3rd. Cowen reiterated an “outperform” rating and set a $65.00 price target (up from $58.00) on shares of Methanex in a research report on Thursday, December 14th. TD Securities increased their price target on shares of Methanex from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Royal Bank of Canada restated a “hold” rating on shares of Methanex in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $57.50.

Methanex (NASDAQ:MEOH) opened at $62.95 on Monday. The firm has a market cap of $5,260.00, a PE ratio of 20.50, a P/E/G ratio of 0.84 and a beta of 1.81. The company has a current ratio of 1.59, a quick ratio of 1.17 and a debt-to-equity ratio of 0.83. Methanex has a 1 year low of $39.47 and a 1 year high of $64.40.

Methanex (NASDAQ:MEOH) (TSE:MX) last released its quarterly earnings data on Wednesday, January 31st. The specialty chemicals company reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.55. Methanex had a net margin of 9.81% and a return on equity of 16.02%. The business had revenue of $861.00 million for the quarter, compared to the consensus estimate of $796.57 million. During the same period in the prior year, the firm earned $0.46 earnings per share. The company’s revenue was up 47.2% compared to the same quarter last year. equities analysts forecast that Methanex will post 3.89 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MEOH. ETRADE Capital Management LLC bought a new stake in Methanex in the 3rd quarter worth about $241,000. FineMark National Bank & Trust bought a new stake in Methanex in the 4th quarter worth about $253,000. AHL Partners LLP bought a new stake in shares of Methanex during the 2nd quarter valued at about $300,000. FNY Partners Fund LP bought a new stake in shares of Methanex during the 4th quarter valued at about $302,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Methanex by 3.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,948 shares of the specialty chemicals company’s stock valued at $305,000 after purchasing an additional 259 shares during the period. Institutional investors own 84.52% of the company’s stock.

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About Methanex

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.

Analyst Recommendations for Methanex (NASDAQ:MEOH)

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