Methanex Stock Rating Reaffirmed by Scotiabank (MEOH)
Shares of Methanex (NASDAQ:MEOH) traded up 0.38% on Wednesday, hitting $61.18. 613,664 shares of the company’s stock traded hands. Methanex has a one year low of $40.14 and a one year high of $73.43. The stock’s 50-day moving average is $59.73 and its 200-day moving average is $61.56. The company has a market cap of $5.905 billion and a price-to-earnings ratio of 14.24.
Methanex (NASDAQ:MEOH) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.50 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.84 by $0.34. Analysts expect that Methanex will post $5.23 EPS for the current fiscal year.
A number of other firms have also recently commented on MEOH. Analysts at TD Securities upgraded shares of Methanex from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Finally, analysts at Raymond James downgraded shares of Methanex from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 30th. They now have a $75.00 price target on the stock, down previously from $85.00. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $75.17.
Methanex Corporation (NASDAQ:MEOH) is a supplier of methanol to international markets in Asia Pacific, North America, Europe and Latin America.
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