Stock Mover of the Day: Today Methanex Corporation (USA) Stock Rises

Stock Mover of the Day: Today Methanex Corporation (USA) Stock Rises

The stock of Methanex Corporation (USA) (NASDAQ:MEOH) is a huge mover today! About 316,597 shares traded hands. Methanex Corporation (USA) (NASDAQ:MEOH) has risen 0.83% since March 2, 2016 and is uptrending. It has underperformed by 7.43% the S&P500.
The move comes after 5 months positive chart setup for the $3.15B company. It was reported on Oct, 5 by We have $51.91 PT which if reached, will make NASDAQ:MEOH worth $1.42 billion more.

Analysts await Methanex Corporation (USA) (NASDAQ:MEOH) to report earnings on October, 26. They expect $-0.18 earnings per share, down 133.33% or $0.72 from last year’s $0.54 per share. After $-0.26 actual earnings per share reported by Methanex Corporation (USA) for the previous quarter, Wall Street now forecasts -30.77% EPS growth.

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

Out of 10 analysts covering Methanex Corporation (NASDAQ:MEOH), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. Methanex Corporation has been the topic of 31 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was maintained by Jefferies with “Buy” on Friday, August 7. The stock has “Buy” rating given by TD Securities on Friday, July 29. The firm earned “Buy” rating on Tuesday, November 24 by Cowen & Co. The rating was downgraded by TD Securities to “Hold” on Thursday, March 24. Raymond James downgraded it to “Outperform” rating and $55 target price in Wednesday, August 19 report. The stock of Methanex Corporation (USA) (NASDAQ:MEOH) earned “Strong Buy” rating by Raymond James on Tuesday, May 17. The stock of Methanex Corporation (USA) (NASDAQ:MEOH) earned “Neutral” rating by Monness Crespi & Hardt on Tuesday, January 19. The rating was upgraded by TD Securities on Friday, July 31 to “Buy”. Raymond James downgraded the shares of MEOH in a report on Monday, December 14 to “Mkt Perform” rating. Raymond James upgraded Methanex Corporation (USA) (NASDAQ:MEOH) rating on Wednesday, March 2. Raymond James has “Outperform” rating and $40 price target.

According to Zacks Investment Research, “Methanex Corp. is a Vancouver based company engaged in the worldwide production and marketing of methanol. Methanol, made from natural gas, is a basic chemical building block used to manufacture products such as formaldehyde, MTBE, acetic acid and others. The Company operates production facilities in Canada, the United States, New Zealand and Chile. The Company also markets additional methanol from plants in the US, Trinidad and Europe.”

More important recent Methanex Corporation (USA) (NASDAQ:MEOH) news were published by: which released: “Methanex Corporation Is Down 30% in 30 Days: Is This the Bottom?” on February 02, 2016, also published article titled: “Raymond James Downgrades Methanex Amid Upturn In Methanol Prices”, published: “Moody’s changes Methanex’s rating outlook to negative” on February 04, 2016. More interesting news about Methanex Corporation (USA) (NASDAQ:MEOH) was released by: and their article: “8 Biggest Price Target Changes For Monday” with publication date: October 03, 2016.

MEOH Company Profile

Methanex Corporation, incorporated on March 5, 1992, is a producer and supplier of methanol to a range of international markets in North America, Asia Pacific, Europe and South America. The Firm operates production sites in Canada, Chile, Egypt, New Zealand, the United States, and Trinidad and Tobago. The Company’s global activities are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers. The Company’s global supply chain and distribution network provides its clients with supply of methanol. The Company’s subsidiary, Waterfront Shipping Company Limited, operates its fleet, which is made up of approximately 20 vessels ranging from 3,000 to 50,000 deadweight tons of capacity. It has over three production facilities in New Zealand that supply methanol primarily to clients in Asia Pacific. The Firm operates over two plants in Trinidad, Titan and Atlas, which supply methanol to markets in North America, Europe, Asia Pacific and South America.

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