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.
ILLEGAL ACTIVITY NOTICE: “Methanex (NASDAQ:MEOH) Rating Reiterated by Alembic Global Advisors” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/02/01/methanex-meoh-receives-buy-rating-from-alembic-global-advisors.html.
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.
Receive News & Ratings for Methanex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methanex and related companies with MarketBeat.com's FREE daily email newsletter.