Methanex Given Average Rating of “Buy” by Analysts (NASDAQ:MEOH)
Methanex (NASDAQ:MEOH) has been given an average rating of “Buy” by the eight ratings firms that are covering the company, Stock Ratings Network reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $75.83.
Shares of Methanex (NASDAQ:MEOH) traded up 0.96% during mid-day trading on Thursday, hitting $63.99. 104,688 shares of the company’s stock traded hands. Methanex has a 1-year low of $45.79 and a 1-year high of $73.43. The stock has a 50-day moving average of $63.69 and a 200-day moving average of $63.04. The company has a market cap of $6.036 billion and a P/E ratio of 12.66.
Methanex (NASDAQ:MEOH) last announced its earnings results on Friday, August 1st. The company reported $1.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.02 by $0.01. On average, analysts predict that Methanex will post $4.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, September 12th.
A number of research firms have recently commented on MEOH. Analysts at RBC Capital raised their price target on shares of Methanex from $66.00 to $70.00 in a research note on Friday, August 1st. Separately, analysts at Scotiabank downgraded shares of Methanex from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 1st. Finally, analysts at TD Securities downgraded shares of Methanex from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. They now have a $69.00 price target on the stock.
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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