18.58 % to Target, Jefferies Reconfirms ‘Buy’ Rating on Methanex Corp (NASDAQ:MEOH) Shares Today

September 17, 2017 - By Dolores Ford

 18.58 % to Target, Jefferies Reconfirms ‘Buy’ Rating on Methanex Corp (NASDAQ:MEOH) Shares Today

Methanex Corp (NASDAQ:MEOH) Rating Reaffirmed

The company has just set a target of $60.0 on Methanex Corp (NASDAQ:MEOH) shares. This is 18.58 % from the last stock close price. In a research report released on Tuesday morning, Jefferies reaffirmed their Buy rating on shares of MEOH.

Methanex Corporation (USA) (NASDAQ:MEOH) Ratings Coverage

Among 12 analysts covering Methanex Corporation (NASDAQ:MEOH), 8 have Buy rating, 1 Sell and 3 Hold. Therefore 67% are positive. Methanex Corporation has $6500 highest and $27 lowest target. $47’s average target is -7.11% below currents $50.6 stock price. Methanex Corporation had 54 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, January 27. On Monday, December 14 the stock rating was downgraded by Raymond James to “Mkt Perform”. The stock of Methanex Corporation (USA) (NASDAQ:MEOH) earned “Buy” rating by BMO Capital Markets on Thursday, June 29. The stock has “Outperform” rating by IBC on Wednesday, March 29. The stock of Methanex Corporation (USA) (NASDAQ:MEOH) has “Sector Perform” rating given on Friday, January 29 by RBC Capital Markets. RBC Capital Markets maintained the shares of MEOH in report on Friday, July 31 with “Sector Perform” rating. The company was maintained on Thursday, July 27 by Alembic. Citigroup downgraded it to “Hold” rating and $35 target in Monday, March 14 report. Raymond James downgraded Methanex Corporation (USA) (NASDAQ:MEOH) on Monday, October 3 to “Outperform” rating. The stock of Methanex Corporation (USA) (NASDAQ:MEOH) has “Hold” rating given on Monday, May 29 by RBC Capital Markets.

The stock decreased 2.03% or $1.05 on September 15, reaching $50.6. About 1.29M shares traded or 96.41% up from the average. Methanex Corporation (USA) (NASDAQ:MEOH) has risen 45.59% since September 17, 2016 and is uptrending. It has outperformed by 28.89% the S&P500.

Wall Street await Methanex Corporation (USA) (NASDAQ:MEOH) to release earnings on October, 25. Analysts forecast EPS of $0.53, up exactly $0.65 or 541.67 % from 2014’s $-0.12 EPS. The expected MEOH’s profit could reach $45.56 million giving the stock 23.87 P/E in the case that $0.53 earnings per share is reported. After posting $0.85 EPS for the previous quarter, Methanex Corporation (USA)’s analysts now forecast -37.65 % negative EPS growth.

Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The company has market cap of $4.35 billion. The Firm operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. It has a 19.67 P/E ratio. The Company’s global activities are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.

More news for Methanex Corporation (USA) (NASDAQ:MEOH) were recently published by: Nasdaq.com, which released: “Methanex Corporation (MEOH) Ex-Dividend Date Scheduled for September 14, 2017” on September 13, 2017. Globenewswire.com‘s article titled: “Methanex to Webcast Investor Conference on September 15, 2017” and published on September 08, 2017 is yet another important article.

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